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 151,000 $659,000 Variable manufacturing overhead cost per machine-hour $ 4.60 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials 390 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitioned Direct labor cost 390 $220 Machine-hours used 34 Compute the total manufacturing cost assigned to Job 400. (Do not round intermediate calculations and round final answer to 2 decimal places.) Total manufacturing cost 3- During the year the company worked a total of 145,100 machine-hours on all jobs and a. incurred actual manufacturing overhead costs of $1,304,096. What is the amount of underapplied or overapplied overhead for the year? (Use the overhead rate determined in requirement 1.) Manufacturing overhead cost by ces 3- During the year the company worked a total of 145,100 machine-hours on all jobs and a. incurred actual manufacturing overhead costs of $1,304,096. What is the amount of underapplied or overapplied overhead for the year? (Use the overhead rate determined in requirement 1.) Manufacturing overhead cost by 3- If this amount were closed out entirely to Cost of Goods Sold, would net operating b. income increase or decrease? O Increase O Decrease