E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underapplied Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizon Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,450. Estimated direct labor cost was $477,500 for 19,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,910 hours) $ 47.751 Indirect costs Indirect labor 2,470 Indirect materials Factory rent 3,280 Factory supervision 4,760 Factory depreciation 5,780 Factory Janitorial work 1,130 Factory insurance 1,730 General and administrative salaries 4,240 Selling expenses 5,390 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. Required Required Required Required Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined Overhead Per DL Hour Rate Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required Required Required Required Calculate the amount of applied manufacturing overhead. Applied Manufacturing Overhead Complete this question by entering your answers in the tabs below. Required Required Required Required 3 Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required Required Required Required Compute over- or underapplied overhead. (Input the amount as positive value.) Overhead