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 $193,920. Estimated direct labor cost was $464,640 for 19,200 hours. Actual costs for the most recent month are summarized here: Total Item Description Cost Direct labor (1, 920 hours) $46, 465 Indirect costs Indirect labor 2, 480 Indirect materials 3, 410 Factory rent 3,210 Factory supervision 4, 800 Factory depreciation 5,600 Factory janitorial work 1, 210 Factory insurance 1, 870 ces General and administrative salaries 4,280 Selling expenses 5,320 Required: K 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