Verizox 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 $197,010. Estimated direct labor cost was $497,500 for 19,900 hours.

Actual costs for the most recent month are summarized here:

Item Description	Total Cost
Direct labor (1,990 hours)	$	49,751
Indirect costs
Indirect labor		2,530
Indirect materials		3,370
Factory rent		3,350
Factory supervision		4,790
Factory depreciation		5,680
Factory janitorial work		1,190
Factory insurance		1,790
General and administrative salaries		4,120
Selling expenses		5,430

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.

Verizox 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 $197.010. Estimated direct labor cost was $497.500 for 19.900 hours. Actual costs for the most recent month are summarized here: Total Cost $ 49,751 Item Description Direct labor (1,990 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory Insurance General and administrative salaries Selling expenses 2,530 3,370 3,350 4,790 5.680 1.190 1,790 4,120 5,430 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 1 Required 2 Required 3 Required 4 Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined Overhead Rate Per DL Hour