E2-18 (Algo) 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 $181,000. Estimated direct labor cost was $443,450 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $44,346 Indirect costs Indirect labor Indirect materials Factory rent Factory supervision 2,400 3,360 3,370 4,750 Factory depreciation 5,640 Factory janitorial work 1,140 Factory insurance 1,780 General and administrative salaries 4,280 Selling expenses 5,330 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead.