E2-16 Calculating Actual and Applied Manufacturing Overhead Costs and Over- or Underapplied Overhead Costs [LO 2-3,2-4,2-5, 2-6] Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $172,960. Estimated direct labor cost was $447,120 for 18,400 hours. Actual costs for the most recent month are summarized here: Total Cost $44,713 Item Description Direct labor (1,840 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,420 3,450 3,200 4,790 5,780 1,270 1,780 4,100 5,380 Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined Overhead Rate Per DL Hour 2. Calculate the amount of applied manufacturing overhead. Applied Manufacturing Overhead 3. Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs 4. Compute over- or underapplied overhead. (Input the amount as positive value.) Overhead