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Applying Overhead with Various Cost Drivers P 2-B Estimated cost and operating data for three companies for the coming year are given below: Predetermined overhead rates are computed using the following cost drivers in the three companies: Required: 1) Compute each company's predetermined overhead rate. 2) Assume that Company A works a total of 60,000 labor hours year. How much will their overhead applied amount to? If actual costs are $430,000, for the year, will overhead be over or under applied? By how much? Calculating Over or Under Applied Overhead P 2 - C Cashew Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Calculate: 1) Predetermined overhead rate, 2) Overhead applied, and 3) the amount of over or under applied overhead (label your answer as over or under)