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: Direct labor ($7/hour) Direct materials overhead applied Job Number 810 C44 015 $44,000 ? $15,000 52,000 21,000 ? 2 33,250 14,250 During the month, the company completed and transferred Job B10 to the finished Goods Inventory. Jobs 044 and G15 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined factory overhead rate? (Round your answer to 2 decimal places.) per direct labor dolar Required 2 Overhead rate 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: Direct labor ($7/hour) Direct materials overhead applied Job Number 310 C44 G15 $44,000 ? $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 G15 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 Complete this question by entering your answers in the tabs below. Required 2 Required Compute the amount of underapplied or overapplied overhead for February. (Do not round intermediate calculations.) overhead