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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 $2850000Budgeted machine-hours 190000Actual manufacturing overhead costs $2910000Actual 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.
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