Calculating the Predtermined 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: Overhead $582.400 Durect labor hours 50,000 Hans nommal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 6,950 tly the end of the year, Han showed the following actual amounts Overhead $613,320 Direct labur hour 4,100 Assume that was cost of Good told for Han was 5927,000 Required 1. Calculate the predetermmed overhead rate for Han Round your answer to the nearest cont X per direct labor hour 2. Calculate the overhead applied to production th January (Note: Round to the nearest doc) X 3. Calculate the total applied overhead for the year X Was verder underapplied by how much Underapplied overheads Direct labor hours 84,100 Assume that unadjusted Costa Goods Sold for Han was $927,000. Required: 1. Calculate the predetermined overhead rate for Han. Round your answer to the nearest cent. X per de 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? Underapplied overhead $ 4. Calculate adjusted Cost of Goods Sold after adjusting for the overhead variance