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A company uses a job order cost system with manufacturing overhead applied to products on...

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Accounting

A company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor hours. For the year, estimated total manufacturing overhead cost was $361,200 and total direct labor hours were estimated to be 51,600. During the year, actual manufacturing overhead incurred was $376,090 and 52,600 direct labor hours were used.
Required:
Calculate the predetermined overhead rate.
Calculate how much manufacturing overhead will be applied to production.
Is overhead over- or underapplied? By how much?
What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased?

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