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Go bhd pation on direct labor cost. At the beginning of the year, Gold Co. estimated direct labor costs of SE SOO dette factory overhead of $3000.000. Actum costs incurred wees $2.250.000 benect to 1.465.000 indirect materials 985,000 Indirect labor 915.000 ales commissions 115.000 Factory depreciation 245.000 Factory insurance 125.000 Factory utilities 198,000 Advertising 125,000 Factory supervisor salaries 275,000 Required: Answer the following a-d in the space provided below. Show your work! a) Calculate the predetermined overhead rate. Round to 2 decimal places. b) Calculate the overhead applied during the year. Round to nearest whole dollar c) Was overhead over or under applied for the year and by how much? d) When the overhead account is closed at the end of this period, will the resulting entry increase or decrease Cost of Goods Sold