6. Vandelay Industries makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine- hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 88,000 $ 1,273,000 $3.30 During the year, a glut of furniture on the market resulted in cutting back production and a buildup of furniture in the companys warehouse. The company's cost records revealed the following actual cost and operating data for the year 50,000 $ 942,000 Machine-hours Manufacturing overhead cost Inventories at year-end: $ 420,000 $ 110,000 $1,050,000 Raw materials Work in process (includes overhead applied of 53,310) Finished goods (includes overhead applied of 248,780) Cost of goods sold (includes overhead applied of 586,410) 2,710,000 A Compute the Company's predetermined overhead rate for the year. B. Compute the allocated overhead for the year C. Compute the underapplied or overapplied overhead for the year