At the beginning of the year, B Company estimated Overhead for the year to be $562,400. It estimated Direct Labor Hours for the year to be 95,000. B Company applies overhead based on direct labor hours. During the month of January only, actual direct labor hours were 7,750. By the end of the year, total actual Overhead was $554,130 and actual Direct Labor Hours were 94,000. Assume that before any adjustment for under-applied or over-applied overhead, that Cost of Goods Sold was $702,000. QUESTION #1: Calculate the predetermined overhead rate for B Company. QUESTION #2: Calculate the amount of overhead that would have been applied into Work-in-Process Inventory in January. QUESTION #3: Calculate the total applied overhead for the year AND tell if it was under-applied or over-applied AND by how much. QUESTION #4: Calculate how much Cost of Goods Sold would be after adjusting for any under-applied or over-applied overhead.