Young Foundey in Denver, Colorado, uses a predetermined manufacturing overhead rate to locale overhead to individual jobs based on the machine hours required. At the beginning of the you, the company expected to incur the following lok the con to view the costs) Read the remonts Requirement 1. Compute Young's presetermined manufacturing overhead rate. Young's predetermined manufacturing overhead rate is Requirement 2. How much manufacturing overhead was allocated to jobs during the year? The amount of manufacturing overheat located to suring the years Mequirement 3. How much manufacturing overhead was neured during the year? in manufacturing overhand inderatocated er omtalented in the end of the year? By how much? The amount of manufacturing overhead incurred during the year w Manufacturing overhead wem Requirement 4. Were the jobs overoosted or undercostad? By how much? Jobs were Data table Manufacturing overhead costs 620,000 Direct labor cost $ 1,650,000 Machine hours 77,500 At the end of the year, the company had actually incurred the following: 0 . Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours $ 1,220,000 $ 470,000 21,500 $ 23,000 $ 14,000 $ 9,500 55,000 hours Print Done