4 Shamrock Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a percentage of the direct costs, and then add 40% to this as proft. For the next year, direct costs are estimated at $7,551,000 and overhead costs are estimated at $9.514.260. (a) Your Answer Correct Answer Your answer is correct Determine the company's overhead allocation rate. (Round answer to decimal places, es 25%) Overhead allocation rate 126 % e Textbook and Media Solution (b) Calculate the price that will be quoted to a customer for a remodelling job that is expected to have direct materials costs of $24,000 and direct labour costs of $15,000 Price qoute $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) If actual direct costs next year are $6,784,000, what would be the amount of overapplied or underapplied overhead? Overhead e Textbook and Media