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:

		Company		Job 62
Direct materials		$60,000		$4,500
Direct labor		$25,000		$2,500
Manufacturing overhead costs		$72,000
Machine hours		90,000		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

$

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

$