Estimated cost and operating data for three companies for the upcoming year follow: . Direct labour-hours Machine-hours Direct materials cost Manufacturing overhead cost 58,000 29,000 $ 290,000 $ 382,800 Company B 29,000 58,000 $ 203,000 $ 255,200 43,500 14,500 $ 217,500 $ 935,250 Predetermined overhead rates are computed using the following bases in the three companies: Company A Overhead Rate Based on Direct labour-hours Machine-hours Direct materials cost B Required: 1. Compute the predetermined overhead rate to be used in each company during the upcoming year. (Round your answers to 2 decimal places.) Company Predetermined Overhead Rate per DLH per MH % of DMC 2-a. Assume that company A works on three jobs during the upcoming year. Direct labour-hours recorded by job are as follows: job 418, 17,400 hours, job 419, 29,000 hours; job 420, 8,700 hours. How much overhead cost will the company apply to work in process for the year? (Do not round intermediate calculations.) Overhead cost applied 2-b. If actual overhead costs total $369,000 for the year, will overhead be under-or overapplied? By how much? (Do not round intermediate calculations.) overhead cost