A company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor hours. For the year, estimated total manufacturing overhead cost was $653,900 and total direct labor hours were estimated to be 50,300. During the year, actual manufacturing overhead incurred was $637,700 and 47,300 direct labor hours were used. Required: a. Calculate the predetermined overhead rate. b. Calculate how much manufacturing overhead will be applied to production. c. Is overhead over- or underapplied? By how much? d. What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the predetermined overhead rate. Required D Predetermined Overhead Rate per hour Required A Required B >