Estimated consulting overhead cost for the year $405,000 Estimated direct labor cost for the year (@ $9/hr.) 324,000 Actual manufacturing overhead cost for May 26,000 Actual direct labor cost for May (2, 400 hours) 22,000 Assuming that direct labor cost is the basis for applying consulting over? Calculate the predetermined overhead rate.___________% Prepare a journal entry that applies consulting overhead for May. By what amount is consulting overhead over - or underapplied in May? Consulting overhead was by $_______in May