Reico Inc. manufactures medical ultrasound monitors. Manufacturing overhead is assigned to products on the basis of direct labour-hours. In June 2021, Reico estimated that it would incur $120,000 in manufacturing overhead costs and produce 400 ultrasound monitors. The ultrasound monitors require 12 hours of direct labour time per unit, and the direct labour rate is $40 per hour. On June 30, 2021, the records show that 350 ultrasound monitors were produced. The following information shows the actual costs and activities incurred for the month ended June 30, 2021: Direct labour ? Indirect labour $32,000 Insurance, factory $9,000 Maintenance, factory $30,000 Marketing expense 16,000 Purchases of raw materials 60,000 Rent, factory building 24,000 Sales commissions 42,000 Selling and administrative salaries 10,000 Supplies, factory 4,500 Utilities, factory 16,000 Reico adopts a policy that once the products are in production, it will complete and sell the product; therefore, Reico does not keep inventory in the work-in-process and finished goods accounts. The material account shows a balance of $8,000 on June 1, and $1,500 on June 30, 2021. $ Using direct labour-hours as the basis for assigning manufacturing overhead cost to ultrasound monitors, compute the predetermined (budgeted) overhead rate: /hr Calculate total number of hours worked: hours Using this rate and other data from the question determine the total manufacturing overhead costs allocated to ultrasound monitors. ta Calculate the actual manufacturing overhead cost: ta Calculate the actual manufacturing overhead rate: /hr $ Calculate the amount of over-applied/under- applied manufacturing overhead. Please use absolute number to indicate "over-applied," use a negative "-" sign to indicate "under-applied." Accounts Titles Debit Credit MOH Allocated MOH Control CGS $ Calculate the total material used in production: $ Calculate the total labour cost: Calculate the actual total manufacturing costs: Calculate the manufacturing costs per unit: /unit $ Calculate the selling price, if Reico uses 100% as a mark- up percentage