C - Answer the following questions based on the given details Fane's Shovels produces small, custom earth-moving equipment for landscaping companies. Manufacturing overhead is allocated to Direct labour hours. The estimated manufacturing overhead is $25000. Further following information is also given Sales= 75000 Estimated Direct material cost = 3500 Estimated labour hour= 2500 Direct Material = 12500 Direct labour hours= 700 Labour rate per hour = $5 Beginning Work in Process = 1500 Ending work in Process = 950 Beginning Finished goods = 500 Ending Finished goods = 500 Selling and administrative expense = 25000 Question 12 (2 points) Saved What is the predetermined overhead rate? Question 12 options: 35 35.71 25 12.5 10 Question 13 (2 points) What is the amount of overhead applied ? Question 13 options: 3000 3500 4000 17500 7000 Question 14 (1 point) Saved What is the Cost of goods sold? Question 14 options: 22500 23550 24500 16550 Question 15 (1 point) What is the Net income? Question 15 options: 26450 25000 23450 22150 29660