Destin products uses a job-order costing system with two direct-cost categories (direct materials and direct labor) and one manufacturing overhead pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information: Actual Results for Year 2018 $1,450,000 Budget for Year 2018 $1,500,000 1,000,000 1,750,000 Direct Materials Direct Labor Manufacturing Overhead 980,000 1,862,000 REQUIRED: Compute the predetermined (applied) overhead rate for 2018. 1. 2. During March, the job cost record for Job 626 contains the following information: $40,000 30,000 Direct Materials used: Direct Manufacturing Labor used: Compute the total cost of Job 626. 3. At the end of 2018, compute the under- or over-applied manufacturing overhead. 4. What is the journal entry to account for this under-or over-applied amount? 5. From a managers view point, what is better over or under applied overhead