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 100,000 estimated production 650,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ 3.00 Required: 1. Compute the predetermined overhead rate. (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 requisitioned Direct labor cost Machine-hours used 450 210 $ 40 Compute the total manufacturing cost assigned to Job 400. (Round your intermediate calculations to 2 decimal places.) Total manufacturing cost 3- During the year, the company worked a total of 146,000 machine-hours on a. 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.) Manufacturing overhead cost by 3- If this amount were closed out entirely to Cost of Goods Sold, would net b. operating income increase or decrease? Increase Decrease