Moody 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 100,000 $650,000 3.00 Required: 1. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) redetermined overhead per MH During the year, Job 400 was started and completed. The following information was available with respect to this job: 2. Direct materials requisitioned$ 450 Direct labor cost Machine-hours used S210 40 Compute the total manufacturing cost assigned to Job 400 (Round your intermediate caiculations to 2 decimal places.) Total manufacturing cost 3-a. During the year the company worked a total of 146,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,350,000. What is the amount of underapplied or overapplied overhead for the year? (Round your intermediate calculations to 2 decimal places.) anufacturing overhead by 3-b. If this amount were closed out entirely to Cost of Goods Sold, would net operating income increase or decrease? Increase Decrease