Zuul Corp. uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours the cost-allocation base. The following data are for 2017: Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Compute the budgeted manufacturing overhead rate for 2017. Compute the under- or overallocated manufacturing overhead of Zuul Corp. in 2017. What is the year-end Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold if under- or overallocated manufacturing overhead is written-off to Cost of Goods Sold? What is the year-end Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold if under- or overallocated manufacturing overhead is proration based on ending balances of WIP, FG and COGS (before proration)? Which method of dealing with under- or overallocated manufacturing overhead do you prefer in requirement? Explain