Logan Products computes its predetermined overhead rate annually on the basis of direct labour-hours. At the beginning of the year, it estimated that its total manufacturing overhead would be $584,250 and the total direct labour would be 41,000 hours. Its actual total manufacturing overhead for the year was $713,950 and its actual total direct labour was 42,000 hours. Required: Compute the company's predetermined overhead rate for the year, calculate the total overhead applied, and determine the amount of under- or overapplied overhead in the year. (Round your predetermined overhead rate to 2 decimal places.) Predetermined overhead rate per DLH