Question 8, E3-27A (similar to) ork HW Score: 78.56%, 7.07 of 9 points Part 1 of 6 Points: 0.95 of 1 Save Young Foundry in Philadelphia, Pennsylvania, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the beginning of year estimated costs.) At the end of the year, the company had actually incurred the following: (Click the icon to view the actual end of year costs.) Read the requirements. Requirement 1. Compute Young's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate Predetermined overhead rateQuestion 8. E3~27A (similar to) HW Score: 78.56%, 7.07 of 9 points rk ' Part 1 of 6 ' 9 Points: 0.95 of 1 Save l Young Foundry In Philadelphia. Pennsylvania. uses a predetemuned manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning or i the year. the company expected to incur the following: , i ' a {Click the icon to view the beginning of year estimated costs.) i At the end of the year. the company had actually incurred the following: a (Click the icon to View the actual end of year costs.) Read the requirements. Beginning of year estimated costs Requirement 1 . Compute Yeun Determine the formula to calwl . Manufacturing overhead costs . . r . . $ 550,000 1 Direct labor cost ................... $ 1,400,000 r Machine hours .................. , t , 68,750 -Im ork Question 8, E3-27A (similar to) HW Score: 78.56%, 7.07 of 9 points Part 1 of 6 Points: 0.95 of 1 Save Young Foundry in Philadelphia, Pennsylvania, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the beginning of year estimated costs.) At the end of the year, the company had actually incurred the following: (Click the icon to view the actual end of year costs.) Read the requirements X Actual end of year costs Requirement 1. Comp Direct labor cost $ 1 170,000 Determine the formula Depreciation on manufacturing plant and equipment 460,000 Property taxes on plant. 19,000 Sales salaries ! S 26,500 Delivery drivers' wages 14,500 Plant janitors' wages 10,500 Machine hours. 54,000 hours Print DoneYoung Foundry in Philadelphia, Pennsylvania, uses a the year, the company expected to incur the following: Question 3. E3-27A (similar to) Pan1of6 a (Click the icon to View the beginning of year estimated costs.) At the end of the year, the company had actually incurred the following: a (Click the icon to View the actual end of year costs.) Read the @uirements. Requirements Requirement 1. Comp Determine the tormula . Compute Young's predetermined manufacturing overhead rate. How much manufacturing overhead was allocated to jobs during the year? . How much manufacturing overhead was incurred during the year? is manufacturing overhead underallccated or overallocated at the end of the year? By how much? . Were the jobs overcosted or undercosted? By how much? HW Score: 78.56%, 7.07 of 9 points 9 Points: 0.95 of 1 predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of