The Rude - On - Waterway Company (ROW) produces a line of non-motorted boats. ROW uses a normal-costing system and aliocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2017 : (Click the icon to view the data) Inventory bulances on December 31,2017 were as follows: (Click the icon to view the account batarces.) Read the ceguerements Requirement 1. Calculate the manufacturing overhead allocation rate. Idertify the formula and calculate the manufacturing overhesd alocation rate. (Enter the result as a whole number). Requirement 1. Calculate the manufacturing overhead allocation rate. Identify the formula and calculate the manufacturing overhead allocation rate. (Enter the result as a whole number.) 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 2017 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your