Saul Company used a predetermined overhead rate based on an estimate of 25,000 direct labor hours to be worked during the year and an estimated $75,000 of manufacturing overhead. Actual overhead cost and activity during the year were: Actual manufacturing overhead cost incurred Actual direct labor hours worked a. Compute the predetermined OH rate. b. Compute the OH applied. c. Compute the over or underapplied OH. d. Prepare the journal entry to close the OH to COGS. Show all above computations. $77,000 24,000