Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal p Predetermined overhead rate s 9.21 per MH 2. During the year Job 500 was started and completed. The following information was available with respect to this job: Direct materials requisitioned Direct labor cost Machine-hours used 290 33 Compute the total manufacturing cost assigned to Job 500. (Round your intermediate calculations and final answer to 2 decimal Total manufacturing cost $ 689.18 3-a During the year the company worked a total of 145,300 machine-hours on all jobs and incurred actual manufacturing overhead costs year? (Round your intermediate calculations to 2 decimal places.) Manufacturing overhead cost underapplied by Compute the total manufacturing cost assigned to Job 500 Round your media calculations and final answer to decimal places 3-a. During the year the company worked a total of 145.300 machine hours on all jobs and incurred dual manufacturing overhead costs of 1 year? Round your mediate calculates to 2 decimal places.) 2 213 What is the amount of underapplied or overed overhead for the 3-5. If this amount were dosed out only to cost of Goods Sold would not operating income increase or decrease? Decreas Exercise 4-8 Computing Predetermined Overhead Rates and Job Costs [LO4-1, LO4-2, L04-3, L04-4) Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine hours recured to support m ed production Fored mancung overhead cost Vant manufacturing overhead cost per machine-hour $ 151.000 651 000 490 Required: 1 Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Promovemends 921 MH