ABC Manufacturing is a small manufacturer that uses machine hours as its activity base for assignment of overhead costs to jobs. The company estimated the following amounts for the current year and for Job 62. Direct Materials Direct Labour Manufacturing Overhead Machine Hours During the Year: 94,000 Actual Machine Hours $54,000 Actual Overhead Costs Company Job 62 $60,000 $4,000 $25,000 $2,500 $54,000 90,000 1,350 Instructions A. How much is predetermined overhead rate? B. How much are the total manufacturing costs of Job 62? C. How much overhead is over- or under-applied for the year? D. What is the gross profit when $15,000 equals the total proceeds from the sale of Job 62?