COM Descente como en director Cont AF che vear. God ca este corect of $410.000 and estimated factory over 50.000 Actuatore finest materials Iso6.000 binact labor 5463000 Indirect materials $156,000 Indirect labor 5252.000 Sales commissions $109.250 Factory depreciation $115.000 Factory insurance $75,000 Factory utilities $88,000 Advertising $118.750 Factory supervisor salaries $135,000 Required: Answer the following ad in the space provided below. Show your work a) Calculate the predetermined overhead rate. Round to 2 decimal places. b) Calculate the overhead applied during the year. Round to nearest whale dollar. c) Was overhead over or under applied for the year and by how much? d) When the overhead account is closed at the end of this period, will the resulting entry increase or decrease Cost of Goods Sold? Gold Co, bases overhead application on direct labor cost. At the beginning of the year, Gold coestimated direct labor costs of $460.000 and estimated factory overhead of 5805,000. Actual costs incurred were: Direct materials $798.000 Direct labor $463.000 Indirect materials $156,000 indirect labor S252,000 Sales commissions $ 109,250 Factory depreciation $115.000 Factory Insurance |$75,000 Factory utilities $88,000 Advertising $118.750 Factory supervisor salaries $135,000 Required: Answer the following a-d in the space provided below. Show your work! a) Calculate the predetermined overhead rate. Round to 2 decimal places. b) Calculatoverhead applied during the year. Round to nearest whole dollar. c) Was overhead over or under applied for the year and by how much? d) When the overhead account is closed at the end of this period, will the resulting entry increase or decrease Cost of Goods Sold