Exercise #6: A small manufacturer uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2018 for the company and for Job X195: Company Job X195 Direct materials $60,000 $4,000 Direct labor $25,000 $2,500 Manufacturing overhead costs $54,000 Machine hours 90,000 1,350 During 2018, the actual machine-hours totaled 94,000, and actual overhead costs were $53,000. Instructions (a) Compute the predetermined overhead rate. Show calculations! (b) Compute the total manufacturing costs for Job X195. Show your calculations! (c) How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. Show calculations (d) If the Manufacturing Company sells Job X195 for $14,000, compute the gross profit