(The following information applies to the questions displayed below.) Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished goods Inventories. The following estimates were included in the current year's budget. Total budgeted manufacturing overhead Total budgeted machine hours $ 235,000 47,000 During January, the firm began the following production jobs: A79: 1,000 machine hours N08: 2,500 machine hours P82: 500 machine hours During January, job numbers A79 and NO8 were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000. Required: 1. Compute the company's predetermined overhead rate for the current year. Predetermined overhead rate per machine hour Required information (The following information applies to the questions displayed below.) Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished-goods inventories. The following estimates were included in the current year's budget. Total budgeted manufacturing overhead Total budgeted machine hours $ 235,000 47,000 During January, the firm began the following production jobs: A79: 1,000 machine hours NON: 2,500 machine hours P82: 500 machine hours During January, job numbers A79 and NO8 were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000. 2. How much manufacturing overhead was applied to production during January? Applied manufacturing overhead Required information [The following information applies to the questions displayed below.) Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished-goods inventories. The following estimates were included in the current year's budget. Total budgeted manufacturing overhead Total budgeted machine hours $ 235,000 47.000 During January, the firm began the following production jobs: A79: 1,000 machine hours N08: 2,500 machine hours P82: 500 machine hours During January, job numbers A79 and NOB were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000. 3. Calculate the overapplied or underapplied overhead for January