0 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $174,840. Estimated direct labor cost was $451,980 for 18,600 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,860 hours) Indirect costs Indirect labor Indirect materials Factory rent Total Cost $45,199 2,490 3,440 3,270 4,740 Factory depreciation 5,620 Factory janitorial work 1,300 Factory insurance 1,800 General and administrative salaries 4,300 Selling expenses 5,360 Factory supervision Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead.