to jobs. The company has always used direct labor hours to mberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead ssign manufacturing overhead to products, but t is trying to decide whether it should use a diff Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Estimated ValueActual Value S 589,000 391,000 $ 650,000 $ 445,000 Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours 16,000 hours 7,000 hours 17,500 hours 8,000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2 decimal places.) etermined Overhead Rate per direct labor hour b. Applied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount, nufacturing Overhead e. Over- or underapplied manufacturing overhead. ( amount.) Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar Overhead Overapplied by