E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over- or Underappli 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 t beginning of the most recent year, the company estimated its manufacturing overhead cost at $196,020. Estimated direct labor co was $493,020 for 19,800 hours. Actual costs for the most recent month are summarized here: Total Cost $49,303 Item Description Direct labor (1,980 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,540 3,500 3,350 4,730 5,650 1,110 1,810 4,110 5,450 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the amount of applied manufacturing overhead. Applied Manufacturing Overhead