Sloan Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Sloan Company reports the following cost data for the past year: (Click the icon to viezw the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Requirements 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Direct labor hours. 7,200 hours 6,200 hours Machine hours. 7,100 hours 6,500 hours Depreciation on salespeople's autos .\$ 20,000$20,000 Indirect materials .\$ 50,500$53,000 Depreciation on trucks used to deliver uniforms to customers .$13,500$12,500 Depreciation on plant and equipment. .$65,500$67,000 Indirect manufacturing labor. $42,000$43,000 Customer service hotline .\$ 19,000$21,500 Plant utilities .\$ 47,900$50,400 Direct labor cost. .\$ 69,500$84,000