signment 4 Question 4, Exercise 4-28 (final answer) Part 1 of 6 HW Score: 26.27%, 1.58 of 6 points O Points: 0 of 1 Save The Ride-On-Wave (ROW) Company produces a line of non-motorized boats. ROW uses a normal job-costing system and allocates manufacturing overhead costs using direct manufacturing labour cost. The following data are available for 2022 (Click the icon to view the data.) Inventory balances on December 31, 2022 were as follows: (Click the icon to view the account balances.) Required Requirement 1. Calculate the budgeted manufacturing overhead rate. (Enter the result as a whole number) The manufacturing overhead allocation rate is cember 31, 20 the account balances.) Data Budgeted manufacturing overhead costs Budgeted direct manufacturing labour costs 100,000 6 200,000 Actual manufacturing overhead costs Actual direct manufacturing labour costs 107,000 $ 224,000 Print Done - - X erial Emphasis 9th Edition Question 4, Exercise 4-28 (final answer) Part 1 of 6 HW Score: 2 O Points:= The Ride-On-Wave (ROW) Company produces a line of non-motorized boats. ROW uses a normal job-costing system and allocates cost. The following data are available for 2022: BEE (Click the icon to view the data.) Inventory balances on December 31, 2022 were as follows: (Click the icon to view the account balances.) R Account balances Requirement 1. Ca The manufacturing Account balances Account Work-in-process Ending Balance 2022 Direct Manufacturing Labour Cost in Ending Balance $ 50,700 $ 15,680 Finished goods $ 245,050 $ 62,720 Cost of goods sold $ 549,250 $ 145,600 Print Done - X ember 31, 2022 were as follows: Required 1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the amount of under- or overallocated manufacturing overhead. 3. Calculate the ending balances in Work-in-Process, Finished Goods, and Cost of Goods Sold if under- or overallocated overhead is: a. Written off to Cost of Goods Sold b. Prorated based on ending balances (before proration) in each of the three accounts c. Prorated based on the overhead allocated in 2022 in the ending balances, before proration, in each of the three accounts 4. Which disposition method is preferred in requirement 3? Explain. Print Done - X