2 2 points eBook Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced Machine-hours Direct labor-hours Direct labor costs 800 400 1,200 3,400 3,000 3,000 2,300 6,400 5,300 Direct materials costs $ 9,500 $ 58,500 3,550 $ 13,050 34,200 92,700 Manufacturing overhead costs 185,500 Total costs $ 291,250 Print Required: References Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs. (Round your answer to 2 decimal places.) Predetermined overhead rate per direct labor hour 2 3 Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 101,000 gallons of paint in July and completes 79,000 gallons. The costs of the resources used by Sanchez in July consist of the following: points eBook Materials Conversion costs (labor and overhead) $ 283,380 276,900 Required: The production supervisor estimates that the ending work-in-process is 80 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as of July 31. (Do not round intermediate calculations.) Print References Cost of paint transferred to finished goods Work-in-process ending inventory