The Row - On-Wave Company (ROW) produces a line of non-molorized boats. ROW uses a Inventory balanoes on December 31, 2020 were as follows: normal-costing system and allocates manufacturing overthead using direct manulacturing iabor (Cick the icon to view the account balances.) cost. The following data are for 2020 : Read the requitements. (Click the icon to view the data.) Requirement 1. Calculate the manufacturing overthead allocation rate. Identify the formula and caiculate the manifacturing overhead allocation rale. (Enter the result as a whole number) The Row - On - Wave Company (ROW) produces a line of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2020 : (Click the icon to view the data.) Requirement 1. Calculate the manufacturing overhead allocation rate. Identify the formula and calculate the manufacturing overhead allocation rate. IEnter tho raoilt y (ROW) produces a line of non-motorized boats. ROW uses a Inventory balances on December 31,2020 were as follows: cates manufacturing overhead using direct manufacturing labor 2020 (Click the icon to view the account balances.) Read the requirements. Data table w-On-Wave Company (ROW) produces a line of non-motorized boats. ROW uses a Inventory balances on December costing system and allocates manufacturing overhead using direct manufacturing labor ne following data are for 2020 : lick the icon to view the data.) Requirements 1. Calculate the manufacturing overhead allocation rate. 2. Compute the amount of under- or overallocated manufacturing overhead. 3. Calculate the ending balances in work in process, finished goods, and cost of goods sold if under-or overallocated manufacturing overhead is as follows: a. Written off to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three accounts c. Prorated based on the overhead allocated in 2020 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your answer. N) produces a line of non-motorized boats. ROW uses a manufacturing overhead using direct manufacturing labor Read the requirements. hufacturing overhead allocation rate. the manufacturing overhead allocation rate. (Enter the result as a whole number.)