BBB Company applies manufacturing overhead on the basis of machine-hours (normal costing) and has provided the following data for its most recent year of operations:

Estimated manufacturing overhead	224,550
Estimated machine-hours	4,500
Actual manufacturing overhead	224,000
Actual machine hours	4,440

The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the companys predetermined overhead rate for the year.

The predetermined overhead rate is closest to

Group of answer choices

49.78

49.23

49.90

50.45

The overhead for the year was

Group of answer choices

2,994 over-applied

2,444 under-applied

2,444 over-applied

2,994 under-applied