Broadway Corporation uses job order costing with a predetermined overhead rate based on machine hours to apply overhead. The following costs were provided after Job 500 & 510 were complete. Given Estimated Annual Data: Machine Hours 55000 DL rate/hour $8 Support labor (4000 Unit Overhead 345,000 hours) 17000 Facility Overhead 150,000 Supervisor Salaries 36000 Total Overhead 495,000 Beginning Inventory Raw Materials and Supplies $10,500 Work in Process (Job 500 only) 54,000 Finished Goods 112,500 Purchases Raw Materials 135,000 15,000 Supplies Materials Requisitioned into production Job 500 45,000 Job 510 37,500 Job 520 25,500 Supplies 6,000 Direct Labor Hours Job 500 2,000 Job 510 3,000 Job 520 3,500 Machine Hours Job 500 3,500 Job 510 3,000 Job 520 2,000 Factory Utilities 6,500 Equipment 8,000 REQUIRED: per machine hour 1. Compute predetermined OH rate: 2. Compute the Total Job Costs and total overhead applied to all three jobs. Job 50 Job 51 Beginning Balance DM Job 52 Totals MOH (applied) Total job costs 3. Determine the actual overhead incurred Indirect materials (supplies) Support labor wages Supervisor Salaries Factory utility costs factory equipment costs 4. Was the overhead over or under applied? By what amount