Wildcat Company uses a job costing system that applies factory overhead based on direct labor. No job was in process on February 1.During February, the company worked on these three jobs. During the month, the company 

completed and transferred Job B10 to the finished goods inventory. Jobs C44 and G15 were not completed and remain in work in process at the cost of $148,650 at the end of the month. Actual factory overhead costs during the 

month totaled $38,500.

 

Job Number

B10 C44 G15

Direct Labor $34,000 ? $10,000

Direct Materials $42,000 $61,000 ?

Overhead applied ? $20,750 $6,000

Other Data. C44 and G15 Work in Process = $148,650

Actual overhead cost = $38,500

Required

What is the predetermined Factory overhead rate

Compute the amount of under and over applied for February