Ailes Company uses a job costing system that applies factory overhead on the basis of direct labor dollars; No job was in process on February '1. During the month of February, the company worked on these three jobs: Job Number Direct labor ($8/ hour) Direct materials Overhead applied y completed and transferred Job 810 to the Finished Goods Inventory Jobs C44 and In- Process at the cost of $278 650 at the end of the month. Actual During the month, the compan (515 were not completed and remain in Work' factory overhead costs during the month totaled $58,000. Required: 1 What is the predetermined factory overhead rate? 2 Compute the amount of underapplied or overapplied overhead for February