A company uses direct labor hours as the base to apply manufacturing overhead. The estimated manufacturing overhead for this year is 1050000 and the estimated direct labor hours are 700. Its actual manufacturing costs for the most recent period are summarized here: Item Direct materials Indirect materials Description Total Cost Used on Jobs 101 and 102 $ 95000 Used on multiple jobs 1000 Hourly labor wages @ $16 per hour 115 hours for Job 101 90 hours for Job 102 96hours for Job 103 Factory janitors' wages Factory rent expense Selling, general, and administrative salaries Factory insurance expense Depreciation expense on delivery trucks Compute the following 1. The predetermined MOH rate is 2. The applied MOH is 3. The actual MOH is [ 4. This company has [ Hint: overapplied? underapplied? MOH by $[ 5. What should the company do to fix the issue in #4? 250000 350000 6050000 9000 205000