Calculating the Predetermined Overhesd Rete, Applying Overhead to Production, Reconciling Overhead at the End of the Yeac, Adjusting Cost of Coods 5old for Under-and Overopplied Overhead At the beginning of the year, Han Company estimated the following: Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,350, By the end of the year, Han showed the following actual amounts: Assume that unadjusted Cost of Goods Sold for Han was $176,000, Required: 1. Calculate the predetermined overhead rate for Han. Rlound your answers to the nearest cent, if rounding is required. per direct labor hour 2. Calculate the overhead applied to production in January. (Note: Round to the nearest doliac, if rounding is required.) 3. Calculate the total applied overhead for the year. Was overhead over- or underapplied? By how much? overhead 5 4. Calculate adjusted Cost of Goods Sold after adjusting for the overhead varlance