Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: $582,400 Overhead 80,000 Direct labor hours nth of January, direct labor hours were 6,950. By the end of Han uses normal costing and applies overhead on the basis of direct labor hours. For th the year, Han showed the following actual amounts: $613,320 Overhead 84,100 Direct labor hours Assume that unadjusted Cost of Goods Sold for Han was $927.000. Required: 1. Calculate the predetermined 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