Requlred Information

$[$The following information applies to the questions displayed below.$]$

The following information pertains to Trenton Glass Works for the year just ended.

Budgeted direct$-$labor cost: $70,000$ hours $($practical capacity$)$ at $$16$ per hour

Actual direct$-$labor cost: $80,000$ hours of $$17\mathrm{.}50$ per hour

Budgeted manutacturing overhead: $$997,500$

Actual selling and administrative expenses: $$436\mathrm{.}000$

Actual manufacturing overhead:

Requlred:

Compute the firm's predetermined overhead rate, which is based on direct$-$labor hours.

Note: Round your answer to $2$ declmal ploces.

Calculate the overapplied of underapplied overhead for the year.

Note: Round your Intermedlate calculations to $2$ decimal places.