or M Gmail YouTube Maps ed | [ Page view | A Read aloud | [T) Add text | V Draw . Highlight Use the following to answer questions 1-2: The Wilson Company uses direct labor hours in the determination of its predetermined overhead rate. Below is information for the current year: Estimated manufacturing overhead. .. ... .$525,000 Estimated direct labor hours.......... 15,000 hours Actual manufacturing overhead. $495,000 Actual direct labor hours ... .13,500 hours 1. The predetermined overhead rate for the year is : 2. At the end of the year, the company's overhead is (indicate whether the overhead is overapplied or underapplied and the amount)