Question 14 1 pts What is the amount of over or under applied overhead for Your Company? Its predetermined overhead rate at 125% of direct labor costs. Estimated and actual direct labor costs for the current year were as follows: Actual manufacturing overhead for the year = $1,500,000 Actual direct labor cost for the year = $1,420,000 Enter overapplied as a positive number. Enter underapplied as a negative number. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS 1 pts Question 8 Your Corporation uses a predetermined overhead rate based on direct hours to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,240,000, with actual direct labor cost of $654,000. What is the predetermined overhead rate (POR)? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS