A company estimated its manufacturing overhead to be $494,000 for the year, based on a normal capacity of 106,000 direct labor hours. At the end of the year, actual direct labor hours totaled to 95,000 while actual manufacturing overhead costs amounted to $558,000. Do not enter dollar signs or commas in the input boxes. a) Calculate the predetermined overhead rate. Round your answer to 2 decimal places. Predetermined overhead rate: Answer b) Determine the amount of over or under-allocated overhead. Round your answer to the nearest whole number. Do not use the negative sign. Over/Under Allocated