Graham Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2019 for the company and for Job 62:

Graham Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2019 for the company and for Job 62: Job 62 Company $60,000 $25,000 $72,000 90,000 Direct materials Direct labor Manufacturing overhead costs Machine hours $4,500 $2,500 1,350 During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ per machine hour Compute the total manufacturing costs for Job 62. Total manufacturing costs Compute the total manufacturing costs for Job 62. Total manufacturing costs $ How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. Overhead $ If Graham Manufacturing sells Job 62 for $14,000, compute the gross profit. Gross profit Click if you would like to Show Work for this question: Open Show Work