Calculating the Predetermined Overhead Rote, Aoplying Overhead to Production, Reconciling Overhead at the End of the Yeac, Adjusting Cost of Coods Sold for Under- and Overappled Overhest At the beginning of the year, Han Company estumated the folowing: Han uses normal costing and applies overtiead on the basis of direct isber hours. For the month of Jamuary, direct labor hours were 8,550 , By the end of the yeac, Han shomed the fallowing achua amounts; Aasume that unadjusted Cost of Goods Sold for Han was $216,000. Requiredt 1. Calculate the predetermined overtiead rate for han, hound your answers to the nearest cent, if rounding is requires: 1 per direct labor hour 2. Calculate the overhead applied to production in January. (Note: Round to the neacest dollac, if rounding is required) 3. Calculate the total appled overhead for the vear: Was overthead over- or underopplind? ar hew much? overtiesd 1 4. Calculate adjusted Cont of Coods Sold after adjusing for the overtiead variance