Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 152,000 Fixed manufacturing overhead cost $ 660,000 Variable manufacturing overhead cost per machine-hour $ 5.00 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year Job 500 was started and completed. The following information was available with respect to this job: Direct materials requisitioned $ 380 Direct labor cost $ 220 Machine-hours used 32 Compute the total manufacturing cost assigned to Job 500. (Round your intermediate calculations and final answer to 2 decimal places.) 3-a. During the year the company worked a total of 145,600 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,363,404. What is the amount of underapplied or overapplied overhead for the year? (Round your intermediate calculations to 2 decimal places.)