ABC Manufacturing uses a job order cost accounting system that charges overhead to jobs on the basis of direct labor cost. ABC used the following cost predictions: Factory overhead costs $1,100,150 and other other overhead cost $210,000, and direct labor costs of $788,000. At year-end, the companys records show that actual overhead costs for the year are $1,308,800, and actual direct labor costs are $787,000. A- Determine the predetermined overhead rate for the year. ( round your answer to two decimal places) B- Compute the amount of overapplied or underapplied overhead. C- Prepare the adjusting entry to allocate the over- or underapplied overhead assuming the amount if immaterial. Show all working steps for full points