requirements 1-4

made here Flores Foundry 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 the year Information) At the end of the year, the company had actually incurred the following: (Click the icon to view the ending of the year information) Requirements 1. Compute Flores'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 overcoated or undercosted? By how much? 05) Requirement 1. Compute Flores's predetermined manufacturing overhead rate Determine the formula to calculate the predetermined overhead rate, and then calculate the rate (Round your answer to the nearest whole dollar.) Estimated yearly overhead cools! Estimated yearly machine hours = Predetermined overhead rate per machine hour - (Click the icon to view the ending of the year information.) Requirements 1. Compute Flores's predetermined manufacturing overhead rate and se alimentadoobedutaatha - X End of the year information Beginning of the year information $ Manufacturing overhead cost $ 553,000 Direct labour cost 1,400,000 Machine hours 79,000 hours Direct labour cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours 1,200,000 443,000 22,500 24,000 16,500 13,000 67,000 hours Print Done Print Done