Suggested time budget 10 minutes maximum Topic: Manufacturing Overhead rate. Budgeted rate, allocating/charging overhead. Taylor Company allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2021: Budgeted manufacturing overhead costs Budgeted machine-hours $3,800,000 200,000 Actual manufacturing overhead costs Actual machine-hours Required: $3,660,000 196,000 1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the manufacturing overhead allocated during 2021. 3. Calculate the amount of under- or overallocated manufacturing overhead. For the toolbar, press ALT+F1D (PC) or ALT+FN+F10 (Mac) BIVS Paragraph xx 88 - Y Arial 3 14px v "T * m < Av 20 Ix