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 $183,300. Estimated direct labor cost was $483,600 for 19,500 hours. Actual costs for the most recent month are summarized here: Item DescriptionTotal Cost Direct labor (1,950 hours)$48,361 Indirect costs Indirect labor 2,590 Indirect materials 3,480 Factory rent 3,400 Factory supervision 4,740 Factory depreciation 5,780 Factory janitorial work 1,240 Factory insurance 1,800 General and administrative salaries 4,260 Selling expenses 5,320 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.