The following information was extracted from the accounting records of Williams Company:

Standard cost data for product X

Direct Materials - 5 pounds of material Y at $10/pound

Direct Labor - 3 hours of direct labor at $20/hour

Overhead - ?

Flexible budget for total overhead for the year

$300,000 of fixed costs plus $4 per direct labor hour

Number of units of product X to be produced during the year

10,000 units

Actual total overhead for August

$34,000

Direct labor hours worked in August

2,600

Number of units of product X produced during August

917

a) The standard predetermined overhead rate is

b) The amount of over/under applied overhead using standard costing would be