Doric Agricultural Products uses a predetermined overhead allocation rate based on direct labor cost. The predetermined overhead allocated during the year is $270,000. The details of production and costs incurred during the year are as follows:

Actual direct materials cost	$812,500
Actual direct labor cost	$180,000
Actual overhead costs incurred:	$264,000
Total direct labor hours	5,520 hours

What is the predetermined overhead allocation rate applied by Doric?

Is MOH overallocated or underallocated? Adjust MOH at the end of period.

Journalize the adjustment.