During the first quarter of 2022, Wildhorse Company reports the following: 1. Estimated overhead $221,914 2....

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During the first quarter of 2022, Wildhorse Company reports the following: 1. Estimated overhead $221,914 2. Actual overhead $220,370 3. Estimated labour costs $169,400 4. Actual labour costs $175,800 The company allocates its overhead on the basis of direct labour cost. Your answer is correct. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate 131 % Calculate the over-applied or under-applied manufacturing overhead. Actual manufacturing overhead Applied manufacturing overhead Manufacturing overhead +A $ +A $ +A $ During the first quarter of 2022, Wildhorse Company reports the following: 1. Estimated overhead $221,914 2. Actual overhead $220,370 3. Estimated labour costs $169,400 4. Actual labour costs $175,800 The company allocates its overhead on the basis of direct labour cost. Your answer is correct. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate 131 % Calculate the over-applied or under-applied manufacturing overhead. Actual manufacturing overhead Applied manufacturing overhead Manufacturing overhead +A $ +A $ +A $