Each year, Levesque Products Ltd. calculates its predetermined charge rate based on direct labor hours. At the beginning of the fiscal year, it projected its total indirect manufacturing costs to be $586,000 and that its direct labour force would work a total of 40,000 hours. However, its actual factory overhead for the year was $713,000 and its direct labour actually provided 41,000 hours of work. Calculate the company's allocatioh rate for the year, total allocated factory overhead and the balance of under- or over-allocated factory overhead during the year