Please signify the answers clearly

Chapter 03 Problems Ouestion 4 fof 5) Save & E 25.00 points Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: 1.273,000 During the year, a glut of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: Manufacturing overhead cost Inventories at year-end: 990.000 Raw materials Work in process (includes overhead Finished goods (includes overhead Cost of goods sold (includes overhead $ 430,000 150,000 1030.000 applied of 54,990) applied of 256,620) 5 2.760.000 applied of 604,890) Required Compute the company's predetermined overhead rate for the year, Round your answer to 2 decimal places.) per hour 2 Compute the underapplied or overapplied overhead for the year (Round your intermediate calculations to 2 decimal places.)