Fiat Motor Company computes its predetermined overhead rate annually on the basis of direct labor- hours. At the beginning of the year, it estimated that 60,000 direct labor-hours would be required for the periods estimated level of production. The company also estimated $282,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $6.00 per direct labor-hour. Harriss actual manufacturing overhead for the year was $371,700. and its actual total direct labor was 63,000 hours. Required: Compute the companys predetermined overhead rate for the year. Compute the under-applied or over-applied overhead amount(s), if any.