Problem #1 Estimated Direct Labor Hours 125,000 Estimated Direct Labor Dollars $ 5,454,545 Estimated Factory Overhead $ 3,000,000 Actual Direct Labor Hours 200,000 Actual Direct Labor Dollars $ 6,500,000 Actual Factory Overhead Costs $ 2,800,000 The company's applies overhead to products based on Direct Labor Dollar: A) Calculate the predetermined factory overhead rate based on Direct Labor Dollars. B) Use the predetermined overhead rate to apply overhead to products. C) Calculate the over/underapplied overhead.