Doric Agricultural Products uses a predetermined overhead allocation rate based on direct labor cost. The predetermined overhead allocated during the year is $270,000. The details of production and costs incurred during the year are as follows: Actual direct materials cost $812,500 Actual direct labor cost $180,000 Actual overhead costs incurred: $264,000 Total direct labor hours 5,520 hours What is the predetermined overhead allocation rate applied by Doric? Is MOH overallocated or underallocated? Adjust MOH at the end of period. Journalize the adjustment