Smith Foundry in Columbus, Ohio, uses a predetereined manclacturing overhead rate bo allocale overhead to indididual jabs based on the machine hours required At the beginning of the year, the coenpany expected to incur the following (Clck the icen to vew the beginning of year estimated costs) At the end of the year, the company had actualy incurred the following (Cick the icon to viow the actual end of yoar costs) Beginning of year estimated costs Actual end of year costs 1. Compute Altor'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