Alles 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 CH Direct labor (57/hour) Direct materials Overhead applied Job Number B10 GIS 546,000 ? $15,000 52,000 71.000 2 2 33,250 14,250 During the month, the company completed and transferred Job 810 to the finished Goods Inventory, Jobs C44 and 15 were not completed and remain in Work in Process at the cost of $248,650 at the end of the month. Actual factory overhead costs during the month totaled $53,500 Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February