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Blossom Company estimates that annual manufacturing overhead costs will be $$744,000.$ Estimated annual operating activity bases are: direct labor cost $$570,400,$ direct labor hours $40,000$ and machine hours $80,000.$ The actual manufacturing overhead cost for the year was $$745,240$ and the actual direct labor cost for the year was $$565,440.$ Actual direct labor hours totaled $39,800$ and machine hours totaled $79,000.$ Blossom applies overhead based on direct labor hours.

Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over$-$qunderapplied and the amount. $($Round predetermined overhead rate to $2$ decimal places, eg$.15\mathrm{.}25$ and all other answers to $0$ decimalplaces, es$.1,525.)$

Predetermined overhead rate

Manufacturing overhead applied

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per direct labor hour