Waldman Aquatics manufactures swimming pool equipment. Determine the total overallocation or underallocation of manufacturing overhead during the year. Actual manufacturing costs for the year totalled $2,400,000. (Click the icon to view data.) 1. Assume that Waldman used direct labour hours as the allocation base. 2. Assume that Waldman used the direct labour cost as the allocation base. 3. Assume that Waldman used machine hours as the allocation base. 4. Were there any situations in which jobs were costed correctly? If not, when were they overcosted? When were they undercosted? Data table Manufacturing Total manufacturing 1. Determine the total overallocation or underallocation of manufacturing overhead assuming that Waldman used direct labour hours as the allocation base. Manufacturing overhead is by S. Direct labour hours $ Direct labour dollars overhead rate Actual use overhead allocated 110 22,300 S 2,453,000 Machine hours $ 223% 138 $1,015,500 S 24,500 S 2,264,565 3,381,000 2. Determine the total overallocation or underallocation of manufacturing overhead assuming that Waldman used the direct labour cost as the allocation bas Manufacturing overhead is by S 3. Determine the total overallocation or underallocation of manufacturing overhead assuming that Waldman used machine hours as the allocation base. Manufacturing overhead is Print Done by $ 4. Were there any situations in which jobs were costed correctly? If not, when were they overcosted? When were they undercosted? In Waldman's particular case, using direct labour hours as an allocation base Sduring the year. Using machine hours led to the the jobs by and was the allocation because jobs were choice. Using direct labour cost as an allocation was the second best option, causing jobs to be by a total of $ by