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

Overhead

$$160,000$

$80,000$

Direct labor hours

$80,000$

Overhead

$$166,000$

$79,600$

Direct labor hours

$79,600$

Assume that unadjusted Cost of Goods Sold for Han was $$176,000.$

Required:

Calculate the predetermined overhead rate for Han. Round your answers to the nearest cent, if rounding is required.

per direct labor hour

Calculate the overhead applied to production in January. $($Note: Round to the nearest dollar, if rounding is required.$)$

$\{$

Calculate the total applied overhead for the year.

$!$

Was overhead over$-$ or underapplied? By how much?

Overapplied overhead $

Calculate adjusted Cost of Goods Sold after adjusting for the overhead variance.

$!$