There should be 4 parts to this question

Corning Woodworking uses normal costing and allocates manufacturing overhead to jobs based on a budgeted labor-hour rate and actual direct labor-hours. Under-or overallocated overhead, if immaterial, is written off to Cost of Goods Sold. During 2020, Corning recorded the following: (Click the icon to view the data.) Read the requirements, Requirement 1. Compute the budgeted manufacturing overhead rate. Enter the formula, then enter the amounts to calculate the budgeted manufacturing overhead rate. Budgeted manufacturing overhead rate Data Table Requirements $ 4,080,000 1. Budgeted manufacturing overhead costs Budgeted direct labor-hours 170,000 2. (C $ Actual manufacturing overhead costs Actual direct labor-hours 4,261,000 178,000 3. Compute the budgeted manufacturing overhead rate. Prepare the summary journal entry to record the allocation of manufacturing overhead. Compute the amount of under-or overallocated manufacturing overhead. Is the amount significant enough to warrant proration of overhead costs, or should Corning Woodworking write it off to cost of goods sold? Prepare the journal entry to dispose of the under-or overallocated overhead. (c Print Done Print Done Done parts remaining