Check my work 6 At the beginning of the year, Custom Mfg, established its predetermined overhead rate by using the following cost predictions: overhead costs $210,000, and direct materials costs, $100,000. At year-end, the company's records show that actual overhead costs for the year are $1,040,700. Actual direct materials cost had been assigned to jobs as follows. 142 points Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 73,000 40,000 5491,000 eBook ent Print References 1. Determine the predetermined overhead rate. 2&3. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. 1.42 points Complete this question by entering your answers in the tabs below. eBook Hint Req1 Req 2 and 3 Req4 Determine the predetermined overhead rate. Print References Choose Numerator: Overhead Rate 1 Choose Denominator: Overhead Rate Overhead rate 0 1 Rea Req 2 and 3 > 1.42 points Complete this question by entering your answers in the tabs below. Book Reg 1 Reg and 3 I Reg 4 Hint Print Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied References Factory Overhead 0 Check my work 6 Journal entry worksheet