Time remaining: 0:4924 5. Chloe Corp uses a job order costing system with manufacturing overhead applied to products on the basis of direct labor hours. For the upcoming year, Chloe Corp estimated total manufacturing overhead cost at $610,500 and total direct labor hours of 40,700. During the year actual manufacturing overhead incurred was $574,400 and 40,200 direct labor hours were used (a) Calculate the predetermined overhead rate. Overhead Rate per hour (b) Calculate how much manufacturing overhead will be applied to production. (c) Is overhead over - or underapplied? By how much? (input the amount as positive value.) (d) What account should be adjusted for over- or underapplied overhead? Should the balance be increased or