Chapter 16 Practice Problem #3 Calculating Factory Overhead Problem #1 Estimated Direct Labor Hours 125,000 Estimated Direct Labor Dollars $ 5,454,545 Estimated Factory Overhead $ 3,000,000 Actual Direct Labor Hours 200,000 Actual Direct Labor Dollars $ 6,500,000 Actual Factory Overhead Costs $ 2,800,000 The company's applies overhead to products based on Direct Labor Dollar A) Calculate the predetermined factory overhead rate based on Direct Labor Dollars. B) Use the predetermined overhead rate to apply overhead to products. C) Calculate the over/underapplied overhead.