Question:75 Use the data given below. Direct labor hours Machine hours Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver uniforms to Depreciation on plant and equipment Indirect manufacturing labor Customer service hotline Plant utilities Direct labor cost Budget Actual 7,600 6,100 7,000 6,500 $ 21,500 $ 21,500 $ 49,000 $ 54,500 $13,000 $10,500 $ 66,000 $ 67,000 $ 39,000 $ 40,000 $ 19,500 $ 21,000 $ 35,000 $ 37,500 $ 71,000 $ 86,000 Requirement:1. Compute the predetermined manufacturing overhead rate.2. Calculate the allocated manufacturing overhead for the past year. The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand on December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of the finished product. The company has an inventory of 68,000 gallons of direct materials on December 31 and has a target ending inventory of 58,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Alderman Company purchase during the 3 months ending March 31? Tech Solvers produces 8-foot USB cables. During the past year, the company purchased 59,374,000 feet of plastic-coated wire at a price of $0.28 per foot. The standard of The direct material for the cables allows 8.56 feet of wire at a standard price of $0.26. During the year, the company used a total of 534,690 feet of wire to produce 69,400 8-foot cables. Calculate Tech Solvers' direct materials quantity variance for the year.