Lee wondered if his uncle should consider a different allocation base, since this construction business is both labor-intensive and material-intensive. Anthony agrees and determines that total DM costs incurred for the jobs worked on this year amounted to $1,241,000. At the beginning of the year, Anthony's budgeted DM costs (for the projects he knew about at the time) were $913,960. Determine what the budgeted MOH rate would have been if Anthony had used direct material cost as the cost driver. Further, determine applied MOH and under-or overapplied MOH for this scenario. (Round MOH rate answer to 2 decimal places, es. 52.75.) Lee wondered if his uncle should consider a different allocation base, since this construction business is both labor-intensive and material-intensive. Anthony agrees and determines that total DM costs incurred for the jobs worked on this year amounted to \$1,241,000. At the beginning of the year, Anthony's budgeted DM costs (for the projects he knew about at the time) were $913,960. Determine what the budgeted MOH rate would have been if Anthony had used direct material cost as the cost driver. Further, determine applied MOH and under-or overapplied MOH for this scenario. (Round MOH rate answer to 2 decimal places, eg. 52.75.) /DM\$