The following information was gathered for Jasmine Company for the year ended December 31, 2010 budgeted / actual direct labor hours:70,000dlh / 80,000 dlh factory overhead: 600,000 / 625,000 Assume that direct labor-hours are the cost-allocation base. Required: a. Compute the budgeted factory overhead rate b. Compute the factory overhead applied c. Compute the amount of over/underapplied overhead