The following information is available as of December 31, 2017 Click the icon to view the information) Donna Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories direct materials and direct manufacturing labor and one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017 (Click the icon to view the manufacturing overhead cost information for 2017) Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 Web Diper Cat Finihadde Center Begin by calculating the budgeted indirect cost rate Identify the formula and then calculate the rate (Assume the cost allocation base is direct labor hours.) = Budgeted indirect cost rate Budgeted many acturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours 960,000 32,000 hours 992,000 31,000 hours Account Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) 14,400 24,000 921,600 Account Balance (Before Proration) $ 40,000 $ 60,000 1,900,000 2,000,000 Work-in-process control Finished goods control Cost of goods sold 960,000 Print Done Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate it to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing