TI4-4 (similar to) Question Help * JaNes Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories-direct materials and direct manufacturing labor--and one indirect-cost pool manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017 The following information is available as of December 31, 2017. EEB (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate it to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing. (Click the icon to view the manufacturing overhead cost information for 2017) Begin by calculating the budgeted indirect cost rate. Identify the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted manufacturing overhead costs I 1,360,000 Budgeted labor hours 34,000 Budgeted indirect cost rate 40 Data Table The manufacturing overhead allocated during the year is S Budgeted manufacturing overhead costsS1,360,000 Budgeted Actual manufacturing overhead costs Actual direct manufacturing labor-hours direct manufacturing labor hours 34,000 hours $ 1.170,000 26,000 hours PrintDone Enter any number in the edit fields and then click Check