Venture Kayaks build custom kayaks. http:/www.venturekavaks.com/aboutUs.php Since each job is unique, it uses job order costing to track costs. Overhead, which is applied to jobs based on direct labor hours, is estimated to be $250,000 for the year. The company plans to produce 3,125 kayaks each of which require 10 hours of labor. In terms of cost, each boat uses $175 of direct materials and $375 of direct labor. Calculate the predetermined overhead rate Determine how much overhead will be applied to each kayak. Determine the full cost to produce each kayak. Will overhead be over- or under- applied if actual overhead costs are $240,000 and the company actually produces 3,000 kayak