106 Problem 3 (15 points) Predetermined overhead rate, applied overhead and 107 over/underapplied amounts Condor Company applied overhead to production using a predetermined overhead rate based on direct labor hours. Budgeted data for 2025 Budgeted direct labor-hours Budgeted manufacturing overhead Required a. Compute the predetermined overhead rate. 113 114 POHR b. Assume that in 2025, actual manufacturing overhead amounted to $950,000, and 84,000 direct labor hours were used. Compute the amount overhead applied, and the underapplied or overapplied manufacturing overhead for 1152025. c. Prepare the journal entry to transfer underapplied or 123 overapplied overhead to Cost of Goods Sold. \begin{tabular}{|l|l|l|l|} \hline 124 & Debit & Credit \\ \hline 125 & & & \\ \hline 126 & & \\ \hline \end{tabular}