base for Problem 11(20 points Graham Manufacturing is a small manufacturer that uses machine-hours as its activity assigned overhead costs to jobs. The company estimated the following amounts for 2019 for the company and for Job 62: Job 62 Company $4,500 $2,500 Direct materials Direct labor Manufacturing overhead costs Machine hours $25,000 $72,000 90,000 1,350 During 2019,the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. (a) Compute the predetermined overhead rate. (b) Compute the total manufacturing costs for Job 62. (c) How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. (d) If Graham Manufacturing sells Job 62 for $14,000, compute the gross profit. Problem I1 12 points) The general ledger of Oates Company has the following work in process account. WORK IN PROCESS FINISHING Transferred out? 6/1 Balance 6/30 Materials 6/30 Labor 6/30 Overhead 8,000 6/30 1,800 3,800 2,800 6/30 Balance Production records show that there were 2,000 units in beginning inventory, 50% complete: 8,000 units started, and 4,500 units transferred out. The beginning work in process had conversion costs of $3,150 The units in ending inventory were 60% complete. Materials are added at the beginning of the process. Instructions Answer the following questions. (a) How many units are in process at June 30? (b) What is the unit conversion cost for June? (c) What is the conversion cost in the June 30 inventory