The Claremont Company forecasts its overhead rate for 20XX at $30.00 per hour. This rate was based on the assumption that the fixed portion of indirect manufacturing costs would amount to $12,000,000, and that the variable indirect manufacturing expenses would amount to $6,000,000 or $10.00 per direct labor hour based on a projected labor base of 600,000 hours. Consider the effect of the following assumptions: 1. At the end of 20XX, actual company experience shows indirect manufacturing costs of $15,000,000 and actual direct labor hours of 600,000. Was the overhead: Underabsorbed_________ Overabsorbed______________ Did this benefit: The Company __________ Its Customer ________________ How much? $_____________________ 2. At the end of 20XX, actual overhead costs amounted to $21,500, 000 and the company expended 700,000 direct labor hours. Was the overhead: Underabsorbed ___________ Overabsorbed _____________ Did this benefit: The Company ___________ Its Customer ___________________ How much? $______________________ 3. At the end of 20XX, actual overhead costs amounted to $17,000,000 and the company expended 450,000 direct labor hours. Was the overhead: Underabsorbed _____________ Overabsorbed ___________ Did this benefit: The Company _______________ Its Customer _______________ How much? $______________________