Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $136,800 for the year; direct labor was estimated to total $152,000. Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1) (12/31) $ 13,200 $ 8,000 $ 19,800 $ 22,300 $ 42,900 $ 31,200 The following transactions have occurred during the year. Raw materials purchases Direct materials used Direct labor $114,000 $107,500 $128,000 Indirect materials used $ 11,700 Indirect labor $ 17,000 Factory equipment depreciation $ 27,000 Factory rent $ 20,300 Factory utilities $ 8,600 Other factory costs $ 7,800 (a) Calculate the predetermined overhead rate. Predetermined Overhead Rate (b) Calculate cost of goods manufactured. Cost of Goods Manufactured % (c) Calculate the over- or underapplied overhead. (Input the amount as positive value.) Overhead (d) Calculate adjusted cost of goods sold. Adjusted Cost of Goods Sold