At the end of the construction year for his business, Carson's uncle Charles is having trouble dealing with the company's indirect costs as there are just so many of them! To help his uncle (and because he hopes to take over the family business one day), Carson listed a few examples of what he thought would be indirect costs for this company: glue, nails, staples, drywall compound, and tape. Charles then added supervisor costs, as well as depreciation of the construction trucks, generators, saws, and other equipment, to the list. Unfortunately, the total of these MOH costs, $499,000, significantly exceeded Charles's budgeted MOH of $425,600. In the past, Charles assigned MOH costs to individual jobs based on the direct labor hours of his employees. At the beginning of the year, based on the work he had planned and still hoped to earn at that time, Charles budgeted for 133,000 DL hours. In reviewing the payroll records of his employees, Charles now sees that they actually worked 148,000 hours this year while receiving an average wage of $15 per hour. Wow, business must be good! Based on the above information, determine the budgeted MOH rate based on DL hours, apply MOH for the year, and determine under- or overapplied MOH for the year. (Round MOH rate answer to 2 decimal places, e.g. 52.75.) $ Applied MOH /DL hour $ 5 At the end of the construction year for his business, Carson's uncle Charles is having trouble dealing with the company's indirect costs as there are just so many of them! To help his uncle (and because he hopes to take over the family business one day), Carson listed a few examples of what he thought would be indirect costs for this company: glue, nails, staples, drywall compound, and tape. Charles then added supervisor costs, as well as depreciation of the construction trucks, generators, saws, and other equipment, to the list. Unfortunately, the total of these MOH costs, $499,000, significantly exceeded Charles's budgeted MOH of $425,600. In the past, Charles assigned MOH costs to individual jobs based on the direct labor hours of his employees. At the beginning of the year, based on the work he had planned and still hoped to earn at that time, Charles budgeted for 133,000 DL hours. In reviewing the payroll records of his employees, Charles now sees that they actually worked 148,000 hours this year while receiving an average wage of $15 per hour. Wow, business must be good! Based on the above information, determine the budgeted MOH rate based on DL hours, apply MOH for the year, and determine under- or overapplied MOH for the year. (Round MOH rate answer to 2 decimal places, e.g. 52.75.) $ Applied MOH /DL hour $ 5