The Zero Radistor Company 1998 a norma-costing system with a single manufacturing owerheed cost pool and machine-hours as the cost-ellocation base. The folosing date are for 2017: Click the icon to view the following data.) Read the requirements 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 Hudgeted manufacturing overned Budgated machine-hours overhead rate 4,800,000 BO,000 GO Requirement 2. Computene under-or overallocated manufacturing overhead of Zero Radiator in 2017. Begin by selecting the formula you will use. Next, enter the amounts in the formula and compute the under-ar averallocated manufacturing owerhead. (Lise parentheses or minus sign when entering averallocated amounts: Manufacturing overhead Manufacturing overhead incurred - Manufacturing overhead allocated = underalocaled coverallocated) 4,900,000 3 4.500.000 400,000 S a. Dispose of this amount using a write-off to Cost of Goods Sold Show the account balances atter the write-off 8.400.00 Account Balance After Proration Coel of Goods Sold Finished Goods Control 1.250,000 Work in Process Control 750,000 b. Dispose of the amount using a proration based on ending balance before proration in Work in Proceex Contral, Finished Goods Control, and Cost of Goods Sold. Begin by selecting the formula to calculate the adjustment to each count. There evler the amount in the formula. (Enter the proportions as a decimal to three decimal placas, "XXXX". Use a minus signor parentheses to show overallocated amounts and adjustments to be subtracted) Adjustment COGS FG WIP - Requirements Data Table facturing fate Budgeted manufacturing overhead costs $ 4,800,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 1. Compute the budgeted manufacturing overhead rate for 2017. 2. Compute 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 Control, Finished Goods Control, and Cost of Goods Sold 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 3. Which method do you prefer in requirement 2? Explain. Manufacturing overhead costs incurred $ 4,900,000 erallocated manufac Actual machine-hours 75,000 C. id Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: ated) Actual Machine-Hours 2017 End-of-Year Balance Cost of Goods Sold 60,000 $ Finished Goods Control 11,000 8,000,000 1,250,000 750,000 Work-in-Process Control 4,000 Print Done Goods Control 1,250,000 Print Done 1 rocess Control 750,000 of the amount using aroration based on ending balances (before proration in Work in Process Control Finished Goods