Terrence industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of labor hours. the following data pertain to the current year: budgeted manufacturing overhead $ 2,100,000 actual manufacturing overhead 2,111,000 budgeted labor hours 70,000 actual labor hours 72,300. what is the correct status of manufacturing overhead at year-end?

1. alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 200,000 sprinklers. three bronze machines and only one injection molding machine are available. what are the capacity requirements for the next four years? (assume that there is no learning.)