DN Inc. incurred the actual costs in 2023: Direct materials used Direct labor cost incurred Insurance (front office) Indirect labor cost Front office maintenance Depreciation on office computers Factory utilities $ 20,000 11,000 15,000 3,250 2,500 5,000 13,000 At the beginning of the year, DN Inc. estimated that production overhead would cost $16,000 and estimated direct labor would cost $10,000. The company uses a predetermined overhead rate computed based on their direct labor cost. a. What is their predetermined overhead rate? b. Compute the amount of overhead applied for the year. c. Compute the amount of over- or under-applied overhead for the year.

DN inc incurred the actual costs in 2023 : At the beginning of the year, DN inc, estimated that production overhead would cost $16,000 and estimated direct labor would cost $10,000. The company uses a predetermined overhead rate computed based on their direct fabor cost. a. What is their predelermined overhead rate? b. Compute the amount of overhoad applied for the year. c. Compute the amount of over- or under-applied overhead for the year