11 Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year direct materials, $780,000, direct labor, $4,300,000, and overhead applied, $2150.000 1. Determine the company's predetermined overhead rate for the yeat. 2. The ending balance of its Work In Process inventory account was $84,000, which included $33,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory. 3 points Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Hint Determine the company's predetermined overhead rate for the year We take the information available to determine what predetermined overhead rate was used for the period. We back into this rate as follows: Print Othead Rate Numerator: Denominator References Overhead Rate Overhead Rate Required 2 > Homewabahosting Assignment 11 Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $780,000; direct labor, $4,300,000; and overhead applied, $2,150,000 1. Determine the company's predetermined overhead rate for the year 2. The ending balance of its Work in Process Inventory account was $84,000, which included $33,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory 3 points Complete this question by entering your answers in the tabs below. e look Required 1 Required 2 Hind The ending balance of its Work in Process Inventory account was $84,000, which included $33,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory Print Ending balance of work in process inventory References Direct materiale cost in work in process inventory