Question list Question 1 Question 2 Question 3 Question 4 K Smich Foundry in Denver, Colorado, uses a predotermined manufacturing overhead rate to alocate overhead is individuat jobs basod on the machine hours required. At the beginning of the year, the compagy expected to ihcur the following required. At the beginning of the year, the company expected to incur the following (Click the iban to view the beginning of yoar estimalod costs) At the end of the yoar, the company had actually incurred the following (Click the icon to view the actual end of year costs.) Read the ceovicereots Requirement 1. Compule Smith's predetermined manufacturing overhe Determine the formula to celculate the predelermned ovechead rate, th- eginning of year estimated costs Requirements 1. Compute Smitris predelemined manulacturing overthead rate 2. How much manufacturing overtead was alocated to jobs duning the year? 3. How much manufacturing ovethead was inourred during the year? is manufacturing overtead underalocated or overallocaled at the end of the year? By how Fuch? 4. Were the jobs overcosted or undercested? By how much? stion list K Smith Foundry in Denver, Colorado, uses a predetermined manufacturing overhead rate to allocate overhead to ind vidual jobs based on the machire hours required. At the beginning of the year, the company expected to incur the following III (Click the icon to view the beginning of yoar estimated costs) At the end of the year, the company had actually incurred the following: (Cick the icon to vew the actual end of year costs) Read the requirements Nestion 3 Requirement 1. Compute Smah's predetermined manufacturing overtead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Question 4 + = Predelerminod overheod rate Beginning of year estimated costs Print Actual end of year costs Direct labor cost $1,210,000 Depreciation on manufacturing plart and equipment 5490,000 Property tawes on plant. 5. 21,000 Sales salaries 527,000 Delvery drvers' wages 515,500 Plant janlors' wages. 39,500 Machine hours