1. In the beginning of the year, the company expected that manufacturing overhead would be in proportion to the direct labour hours. The manufacturing overhead was estimated to be $300 and estimated direct labour hours were 50. During the year, actual manufacturing overhead was $285 and actual direct labour hours were 65. Two jobs were in progress during the year. The year end balances are as follows: JOB #1 JOB #2 Direct Materials Used $39 $26 Direct Labour Cost $52 $78 Direct Labour Hours 26 hours 39 hours During the year, Job #1 was completed and sold for $257, Job #2 was still in progress. Required: (Round all final answers to the nearest integer, do not round in intermediate calculations) 1) What was the company's predetermined rate? 2) What was the company's allocated manufacturing overhead? 3) What was the work-in-process ending balance before adjustment? 4) What was the costs of goods sold of the year before the adjustment? 5) What was the under- or over-applied overhead? 6) What would be the costs of goods sold after the adjustment if the company used the method of assigning over- or under-applied overhead to costs of goods sold? If the company used the percentage allocation method, 7) What would be the balances of costs of goods sold? 8) What would be the balances of work in process? 9) What would be the balances of finished goods