W 5 LO 4-5\ Question 4, E3-27A (similar to)\ Part 3 of 6\ Patel Foundry in Denver, Colorado, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs ba expected to incur the following:\ (Click the icon to view the beginning of year estimated costs.)\ At the end of the year, the company had actually incurred the following:\ (Click the icon to view the actual end of year costs.)\ Read the requirements.\ Requirement 1. Compute Patel's predetermined manufacturing overhead rate\ Determine the formula to calculate the predetermined overhead rate, then calculate the rate.\ \\\\table[[Estimated yearly overhead costs - Estimated yearly machine hours,

=

,Predetermined overhead rate,],[

$,630,000

,90,000,

$

,7,per machine hour]]\ Requirement 2. How much manufacturing overhead was allocated to jobs during the year?\ Determine the formula to calculate the overhead to be allocated, then calculate the manufacturing overhead allocated.\ Manufacturing

Patel Foundry in Denver, Colorado, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs ba expected to incur the following: (Click the icon to view the beginning of year estimated costs.) At the end of the year, the company had actually incurred the following: (Click the icon to view the actual end of year costs.) Read the requirements Requirement 1. Compute Patel's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Determine the formula to calculate the overhead to be allocated, then calculate the manufacturing overhead allocated