Requirement 1. Compute Young's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Predetermined overhead rato i Requirements 1. Compute Young's predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Print Done 1 Data Table - X Manufacturing overhead costs ...... $ 600,000 Direct labor cost .... ... $ 1,450,000 Machine hours..... 75,000 At the end of the year, the company had actually incurred the following: $ 1,180,000 te $ 495,000 ... . $ 19,500 ye Direct labor cost ..... Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries..... Delivery drivers' wages.. Plant janitors' wages.. Machine hours...... . $ 26,000 the $ 14,000 .. $ 9,000 54,000 hours Print Done Young Foudy in Chanson Bou Carina, un premind manufacturing omad te contend to inviduals a one machine nous quired. At the beginning of the year the company expected to incur the Tolong 1. Click the icon to view the cost Read the Requirement Compide Your med matching overhead rate Dom the form the preterm and then than