Ross Company uses a job order costing system with manulacturing overhead applied to products on the basis of direct labor hours. For the upcorning year, Ross. Compary estimated total manufacturing overhead cost at 566.000 and total direct labor hours of 4,000 . During the year actual manufacturing overhead incurted was 555,250 and 3,950 ditect labor houis were used. Calculate the predetermined overhead rate QUESTION 30 Refer to Ross Company: Calculate how much manufacturing overhead will bo applled to production. QUESTION 31 Refer to Ross Company. Is overhead over- or underapplied? The overhead is overapplied. The overhead is underapplied QUESTION 32 Refer to Rossicompeny. What account should be adjusted for over-of underapplied overhead? Should the balance be increased or decreased? Wark in process, increased with a credit Work in process. decreased wah a debl Cost of goods sold, increased with a debit Cost ar gobds sold. decreased with a credit