The Zef Radiator Company uses a mal conting system with a single manufacturing vad cod pool and machine-hours as the cost allocation base The following data for 2017 (Click the icon to view the following data) Read the emer Requirement 1. Compute the budgeted manufacturing overhead rate for 2017 Begin by selecting the formula you will use Then enter the amounts and calculate the rate Budgeted manufacturing overhead Budgeted machine hours Budgeted manufacturing orehead a 4.000.000 60,000 DO Requirement 2. Compute the under- or overallocated manufacturing overhead of Zel Radiator in 2017 Begin by selecting the Samula you will use Next, enter the amounts in the formula and compute the under or overallocated manufacturing overhead (he parentheses or a minus sign when entering overallocated amounts) Manufacturing overhead Manufacturing everhead incuned 4.950.000 Manufacturing overhead allocated 4,400.000 underallocated (verallocated) 550,000 Dispose of this mounting a wille-off to Cast of Goods Sold. Show the account balances after the write-off Account Balance Aher Proration Cost of G Fished Goods Core Work Process Cont 12 000 600 2625,000 375,000 b. Dupose of the artist using a provadon based on ending balances (before proration) in Work in Process Control Finished Goods Control, and Cost of Goods Sold. Begin by selecting the tonnula to calculate the ad to each account. Then enter the amounts in the formula (Enter the proportions as a decimal to three decimal places "X00 Use a minus sign or parentheses to show overlocated amounts and adjustments to be subtracted) Proportion (decimal) coas PG 2625.000 * Adm 440.000 440.000 96.250 Now enter the account balances after the write of Account Balance After Proration Cost of Goods Sold Finished Goods Control Work in Process Control 12.000.000 2625,000 375,000 c. Dispose of the amount uning a proration based on the overhead allocated in 2017 (before proration) in the ending balances of Work in Process Control, Finished Goods Control and Cost of Goods Sold Begin by selecting the formula to calculate the adjustment to each account. Then enter the amounts in the formula (Enter the proportions as a decimal to three decimal places "XX00C Use a minus sign or parentheses to show overallocated amounts and adjustments to be sobacted) COGS FO Ending Balance (Over-Underallocated OH Adjustment 12.440.000 x 2721,250 560,000- Now enter the account balances after the write off Account Balance Cost of Goods Sold After Proration Finished Goods Control Work-in-Process Control Requirement 3. Which method do you prefer in requirement 2? Explain Alternative V theoretically preferred over This altermative yields the same ending balances in work in process, finished goods, and cost of goods sold that would have been reported