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 $$361,200$ and total direct labor hours were estimated to be $51,600.$ During the year, actual manufacturing overhead incurred was $$376,090$ and $52,600$ direct labor hours were used.

Required:

Calculate the predetermined overhead rate.

Calculate how much manufacturing overhead will be applied to production.

Is overhead over$-$ or underapplied? By how much?

What account should be adjusted for over$-$ or underapplied overhead? Should the balance be increased or decreased?