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 $300,000. Estimated direct labor cost was $400,000 for 20,000 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. Complete this question by entering your answers in the tabs below. Calculate the amount of applied manufacturing overhead. Compute over- or underapplied overhead. Note: Input the amount as positive value. Complete this question by entering your answers in the tabs below. Compute over-or underapplied overhead. Note: Input the amount as positive value