Save Homework: chapter 4 HW Score: 0 of 10 pts HW Score: 0%, 0 of 165 pts Question Help * E4-24 (similar to) Maynard Company uses normal costing It allocates manufachuring overhead costs using a budgeted rate per machine-hour. The following data are available for 2017 EE (Click the icon to view the data) Read the reauirements Requirement 1. Calculate the budgeted manufacturing overhead rate Determine the formula, then calculate the budgeted manufacturing overhead rate O Data Tabe Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine hours 4250 000 250.000 $4.110,000 246.000 Budgeted manufacturing overhead Requirements Print Done 1. Calculate the budgeted manufacturing overhead rate 2. Calculate the manufacturing overhead allocated duning 2017 3. Caiculate the amount of under or overalocated manufacturing overhead Why do Maynard's managers need to calculate this amount? Print Done Choose from any ist or enter any number in the input fields and then cick Check