Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: Actual manufacturing overhead $80,000 Estimated manufacturing overhead $75,000 Direct labor hours incurred 4,800 Direct labor hours estimated 5,000 (a) Your answer is correct. Compute the predetermined overhead rate. Predetermined overhead rate $ 15 per direct labor hour Attempts: 1 of 1 used (b) Calculate the amount of applied manufacturing overhead. Applied manufacturing overhead $