[The following information applies to the questions displayed below.] The following data pertain to the Aquarius Hotel Supply Company for the year just ended. Budgeted sales revenue $ 205,000 Budgeted manufacturing overhead 364,000 Budgeted machine hours (based on practical capacity) 10,000 Budgeted direct-labor hours (based on practical capacity) 20,000 Budgeted direct-labor rate per hour 14 Actual manufacturing overhead 336,000 Actual machine hours 11,000 Actual direct-labor hours 18,000 Actual direct-labor rate per hour 15 Required: 1. Compute the firms predetermined overhead rate for the year using each of the following common cost drivers: (Round your answers to 2 decimal place.) 2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers.