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 $181,240. Estimated direct labor cost was $480,680 for 19,700 hours. Actual costs for the most recent month are summarized here: 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. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Calculate the amount of applied manufacturing overhead. Note: Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided. Complete this question by entering your answers in the tabs below. Calculate actual manufacturing overhead costs. Complete this question by entering your answers in the tabs below. Compute over- or underapplied overhead. Note: Input the amount as positive value. Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided