Smith Foundry in Columbus, Ohio uses a predetermined manufacturing overhead tate 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 costs) Read the requirements Requirement 1. Camuto Alton's predetermined manutacturing overhead tute Determine the formula to calculate the prodotermined overhead rate, then calculate the rabo Predetermined overhead rato per machine hour Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Determine the formula to calculate the overhead to be located, then calculate the manufacturing overhead allocated Manufacturing overhead allocated Requirement 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? (lt an input field is not used in the table, leave the input field omply do not colecta bol or enter a zero) Total manufacturing over is manufacturing overhead unde allocated or overallocated at the end of the your? By how much? Manufacturing overhead was by Requirement 4. Were the jobs overcosted or underested By how much? Jobs by Choose from any list or enter any number in the input fields and then continue to the next question Data Table ..... ---- Manufacturing overhead costs ... $ 630,000 Direct labor cost..... $ 1,650,000 Machine hours....... 90,000 At the end of the year, the company had actually incurred the following: Direct labor cost.. $ 1,230,000 Depreciation on manufacturing plant and equipment .... $ 480,000 Property taxes on plant. $ 19,500 Sales salaries.. $ 26,500 Delivery drivers' wages.. $ 17,000 Plant janitors' wages.. $ 8,500 Machine hours. 56,500 hours GO e te Print Done