The Zero Radiator Company uses a normal casting system with a single manufacturing overhead cost pool and machine hours as the cost alocation bace. The folosirg data are for 2017 (Click the icon to view the following date Read the requirements. EEEEE Requirement 1. Compute the budgeted manuriacturing averhead rate for 2017 Begin by selecting the fomula you wil use. Then, enter the amounts and calculate the rate. = Hudgoed manufacturing Hudgatod manufactunng overstand 4 Hudgshad machine-hours overheed rate S 4.800,000 80,000 B0 Requirement 2. Compute the under- ur overalocated manufacturing overneed of Zero Radiator in 2017. Begin by selecting the formule you wil use. Next enter the amounts in the formula and compute the under or overalocated manufacturing overhead. (Use parentheses or a minus sign when entering overalocated amounts.) Manufacturing overhead Manufacturing overhead incurred - Manufacturing overhead alocaled = underalocated overallocated) S 4,900,000 Data Table 4,500,000 - X 400,000 a. Dispose of this amount using a write-affta Cast of Goods Sold. Shaw the account balances after the writo-att. Account Balance Atter Proration Requirements Cost of Goods Sold Finished Goods Control Work-In-Pro Control 1. Compute the budgeted manufacturing overleed rate for 2017. 2. Coirpute the under or overallocated manufacturing overhead of Zero Radiator in 2017. Dispose of this amount using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances before proration in Work-in-Process Contral, Finished Goods Control and Coat of Goods Sold C. Proration based on the overhead alocated in 2017 (before pronation in the endng balances at Work-in-Process Control, Finished Goods Control and Cost of Goods Sold 3. Which method do you prefer in requirernent ? Explain Budgeted manufacturing overhead costs $ 4,500,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 Manufacturing overhead coate incurred 5 4,900,000 Actual machine-hours 75,000 Machine-hours data and the ending balances (before proration of under-or overallocated overtad) are as follows: Actual Machine Hours 2017 End-of-Your Balance Cost of Goods Sold OD ODD $ 8.00 DOI Finished Goods Central 11,000 1,250,000 Work-in-Frocess Control 400D 750 CDO Print Done O Print Done