Computing Predetermined Overhead Rates and Job Costs [L02-1, LO2-2, LO2-3, LO2-71 Anderson Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production: Fixed manufacturing overhead cost: Variable manufacturing overhead cost per machine-hour 150,000 659,000 $4.60 During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitioned Direct labor cost Machine-hours used $370.00 $ 300.00 38 Compute the total manufacturing cost assigned to Job 400. cdist. calcalatinn .ir2 3- During the year the company worked a total of 145,100 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,305,949. What is the amount of underapplied or overapplied overhead for the year?(ue 3-b. If this amount were closed out entirely to Cost of Goods Sold, would net operating income increase or decrease