for a company with job order costing which uses manufacturing overhead cost driven by machine hours, the following details is used to prepare predetermined overhead rate of recent year. machine hours $-100000$ and manufacturing overhead rate $$2000000.$ During the most recent year $,$ a severe recession in the company industry caused the curtailment of production and a build up of inventory in the company's wearehouses. the company's record rehvealed the following actual cost and operating data of the year $.$ Machine hours $-80000$ and manufaturing overhead cost $$1845000$ Amount of applied overhead in inventories at the year end$-$ work in process $-$ $$200000,$ finished goods $-$ $$350000,$ Amount of applied overhead in cost of goods sold for the year $-$$$1450000.$ compute the company's predetermined overhead rate for the year and the amount of underapplied or overapplied overhead for the year.