Current Attempt in Progress Colby Company estimates that annual manufacturing overhead costs will be $600.000. Estimated are: direct labor cost $460,000, direct labor hours 40,000 and machine hours 80.000. The actual mature the year was $601.000 and the actual direct labor cost for the year was $456,000. Actual director hours) machine hours totaled 79,000. Colby applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturine overheid woed Det over-or underapplied and the amount Overhead rate 5 per direct labor hour $ Manufacturing overhead $ Attempt of Sarve for later