1. 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 $183,150. Estimated direct labor cost was $434,750 for 18,500 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,850 hours) Indirect costs Total Cost $43,476 Indirect abor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries 2,540 3,400 3,360 4,880 5,780 1,190 1,840 4,270 5,370 Selling expenses Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Overhead Rate Per DL Hour 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. Overhead Costs 4. Compute over-or underapplied overhead. (Input the amount as positive value.)