In December 2020 Cordoba Manufacturers developed its predetermined overhead rate for jobs produced during 2021 using estimated manufacturing overhead costs of $975,000 and direct labor costs, estimated at $325,000 as the allocation base. At the end of 2021 company records show actual overhead costs for the year are $1,015,000 and actual labor costs of $405,000. 1. What is the predetermined overhead rate (POHR) using direct labor cost as the allocation base? (round to 2 decimal places). What is the total applied MOH? 2. Is MOH overhead over or under applied? 3. Record the journal entry to adjust for the over or underapplied MOH? Edit View Insert Format Tools Table