Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past year: E: (Click the icon to view 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. Predetermined overhead rate 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. Machine hours.... Depreciation on salespeople's autos Indirect materials .... Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment. Indirect manufacturing labor...... Customer service hotline Plant utilities... Direct labor cost. Budget Actual 7,000 hours 6,500 hours 6,700 hours 6,700 hours $ 24,000 $ 24,000 S 51,000 $ 52,500 S 15,500 $ 14,000 $ 65,000 $ 67,500 $ 42,500 $ 45,500 18,500 $ 19,500 42,500 $ 45,000 $ 72,000 $ 86,500