Moe Industries manufactures wooden backyard playground equipment. Moe estimated 1860000 of manufacturing overhead and 2080000 of direct labor cost for the year. After the year was over, the accounting records indicated that the company had actually incurred 1740000 of manufacturing overhead and 2300000 of direct labor cost. 1. Calculate Moe's predetermined manufacturing overhead rate, assuming that the company uses direct labor cost as an allocation base. (Round the percentage to the nearest hundredth percent, X.XX.) 2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year? 3. At year-end, was manufacturing overhead overallocated or underallocated? By how much?