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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 151,000 $ 655,000 $ 4.90 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 Direct labor cost Machine-hours used $ 310 220 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 145,800 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,349,192. What is the amount of underapplied or overapplied overhead for the year? (Round your Intermediate calculations to 2 decimal places.)