At the beginning of this year, a company based its predetermined overhead rate (based on machine hours) on total estimated overhead of $319,600.00 and 9,400 estimated machine hours. Actual manufacturing overhead for the year was $255,700.00 and actual machine hours were 8,500. 1) What was the predetermined overhead rate for the year and 2) by how much was the overhead overapplied or underapplied for the year?