Question list Question 21 Question 31 Jackson Foundry in Columbus, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, Kthe company expected to incur the folowing (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 Beginning of year estimated costs Question 4 Requirement 1. Compute Jackson's predetermined manufacturing overhead Determine the formula to calculate the predetermined overhead rate, then calculate the rate Question 5 Predetermined o Manufacturing overhead costs Direct labor cost Machine hours $10,000 1,650,000 76,250 Question 6 Estimated yearly direct labor cost Print Done Estimated yearly direct labor hours Question 7 Estimated yearly machine hours Question 8 Estimated yearly overhead costs Question 9 O Question 10 tion list estion 2 stion 3 estion 41 Jackson Foundry in Columbus, Ohio, 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 Jackson's predetermined manufacturing overhead rate Determine the formula to calculate the predetermined overhead rate, then calculate the rate estion 5 Actual end of year costs. estion 6 Direct labor cost $1,240,000 Jestion 7 Depreciation on manufacturing plant and equipment 475,000 Property taxes on plant $ 22,000 Bales salaries $ 27.000 estion 8 Delivery drivers wegen $ 14,000 $ 10.000 uestion 9 Machine hours 56.500 hours uestion 16 Print Done - X Requirements 2. 1. Compute Jackson's predetermined manufacturing overhead rate. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? is manufacturing overhead underalocated or overallocated at the end of the year? By how much? 4. Were the jobs overcoated or undercosted? By how much? Print Done x