At the beginning of the year, Han Company estimated the following:

Overhead	$582,400
Direct labor hours	80,000

Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 6,950. By the end of the year, Han showed the following actual amounts:

Overhead	$613,320
Direct labor hours	84,100

Assume that unadjusted Cost of Goods Sold for Han was $927,000.

Required:

1. Calculate the determined overhead rate for Han. Round your answer to the nearest cent. $____________ per direct labor hour

2. Calculate the overhead applied to production in January. (Note: Round to the nearest dollar.) $________________

3. Calculate the total applied overhead for the year. $_______________

Was overhead over- or underapplied? By how much?

overhead $_____________

4. Calculate adjusted cost of goods sold after adjusting for the overhead variance.

$____________