Tootsie's Manufacturing, a small costume manifacturer, uses machine hours as the allocation base to allocate manufacturing overhead costs to the various jobs contracted during the year. The company uses a normal costing system. Estimates are provided for the year for the company and actual amounts are given for the North End Theatre (NET) job which required the production of ballet tutus. Company Budget Year NET Job Actual Costs Direct materials $44,000 Direct labor $11,000 $200 Manufacturing overhead costs $60,000 $300 Machine-hours 100,000 mhrs 1,200 mhrs $1,000 a Calculate the annual manufacturing budgeted overhead cost-allocation rate for the company (1 mark) b. Calculate the total manufacturing overhead allocated to the North End Theatre Job. (1 mark) c. Calculate the total cost of the North End Theatre Job using the allocated overhead (2 marks) d. Calculate the over or under allocated overhead for the North End Theatre Job. (1 mark) Of the three possible ways to dispose of under-allocated or over-allocated overhead costs at the end of the financial year which does not require a recalculation of the overhead rate and is most theoretically correct. (1 mark)