Waheed Co: Budgeted manufacturing overhead rate, allocated overhead, over, under 4.19 Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rater per machine-hour. The following data are available for 2008: Budgeted manufacturing overhead costs $2850000 Budgeted machine-hours 190000 Actual manufacturing overhead costs $2910000 Actual machine-hours 195,000 1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the manufacturing overhead allocated during 2008. 3. Calculate the amount of under- or overallocated manufacturing overhead