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 $179,450 Estimated direct labor cost was $438,450 for 18,500 hours Actual costs for the most recent month are summarized here Item Description Direct labor (1,850 hours) Indirect costs Total Cost $43,846 Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,580 3,460 3,220 4,740 5,690 1,190 1,900 4,140 5,420 Required 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) redetermined Overhead Rate Per DL Hour 2. Calculate the amount of applied manufacturing overhead pplied Manufacturing Overhead 3. Calculate actual manufacturing overhead costs al Manufacturing Overhead Costs 4. Compute over- or underapplied overhead. (Input the amount as positive value.) erhead