2. 10%. Vuona Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $105,600 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials Direct Labor Cost Manufacturing Overhead $139,000 84,000 Indirect Labor 93,100 Property Taxes 8,600 Depreciation Equipment 18,000 Maintenance 12,000 Insurance 8,600 Rent, Building 38,000 Raw Materials Beg.24,000 Work in Process Finished Goods Beg.71000 Beg. 47,000 End 17,000 End 39,000 Cost of Goods Sold MOH Actual Applied End 59,000 I Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Populate the Manufacturing T-Accounts 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer.