Brief Exercise 155 annual operating activity bases are: direct Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated abor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $501,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Colby applies everhead based on direct laber hours Compute the predetermined overheaed rate and determine the amount of manufecturing overhead applied. Determine overhead is over- or underapplied and the amount Overhead rate per direct labor hour by accessing this Question Assistance, you willlearn while you earn points based on the Paint Potential Policy set by your instructor Question Attempts: 0 of 2 used SAVE FOR LATE 8 9 commandop command