B D E Dream Custom uses machine hours to apply overhead on their production. During 2022, Dream Custom had the following results: Budget Actual Overhead $350.000 $352.000 Machine Hours $ 50.000 $ 49.000 Direct Materials $210,000 Direct Labor $350.000 Calculate the predetermined overhead rate? How much overhead was applied during 2022? Was overhead overapplied or underapplied during 2022? What was the amount that was overapplied or under applied in 2022? Prepare the journal entry to close out the over- or underapplied overhead. Account Name Debit Credit