Harwood Company is a manufacturing rm that operates ajoborder costing system. Overhead costs are applied tojobs on the basis of machinehours. At the beginning of the year, management estimated that the company would incur $126,000 in manufacturing overhead costs and work 60,000 machinehours. Required: 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) 2. Assume that during the year the company works only 50,600 machinehours and incurs the following costs in the manufacturing overhead and workinprocess accounts. Compute the missing amounts and show the balance in your manufacturing overhead T account. (Do not round intermediate calculations.) (Maintenance) 13,700 (Direct materials) 479,400 (Indirect materials) 5,400 (Direct labour) 59,500 (Indirect labour) 39,400 (Overhead) (Utilities) 21,600 (Insurance) 4,600 (Depreciation) 37,800 3-a. Compute the amount of under or overapplied overhead for the year, and show the balance in your manufacturing overhead T account