6.Federer Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year:

Estimated direct labor cost $500,000 Actual direct labor cost $465,000 Estimated manufacturing overhead costs $425,000 Actual manufacturing overhead costs $350,000

If Federer Company uses direct labor cost as the allocation base. (a) What would the predetermined manufacturing overhead rate be?(2 marks) (b) How much manufacturing overhead would be allocated or applied in the year?(1 mark) (c) Prepare the adjusting entry to correct the under or over allocation of manufacturing overhead for the year. (2 marks)