Questlon 1 fof 5 30.00 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 84,000 $1,270,000 Fixed manufacturing overhead cost Variable manufacturing overhead per computer-hour 3.80 resuted in umiture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year 50,000 1,012000 Inventories at year-end Work in process (includes overhead applied of 56,760) Finished goods (includes overhead applied of 264,880) Cost of goods sold (iecludes overhead applied of 624,360) $ 440,000 S 150,000 120,000 2,710,000 1. Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal per hour 2. Computo the underapelied or overapplied overhead for the year. (Round your intermediate calculations to 2 decimal places.) esc FS - F6 F7 tab