Pawhuska Company estimates that its overhead costs for Year $2$ will be $$500,000$ and output in units of product will be $250,000$ units.

Required

Calculate Pawhuska$$s predetermined overhead rate based on expected production.

Note: Round your answer to $2$ decimal places.

If $20,000$ units of product were made in March Year $2,$ how much overhead cost would be allocated to the Work in Process Inventory account during the month?

Note: Do not round intermediate calculations.

If actual overhead costs in March were $$38,700,$ would overhead be overapplied or underapplied and by how much?

Note: Do not round intermediate calculations.