Far In Company uses the proportional relationship between Manufacturing Overhead and Direct Labour costs to apply Manufacturing Overhead to its Work in Process and Finished Goods inventories. The company makes available the following information: Previous Year Current Year Estimate Actual Direct Materials used $415,000 $425,000 Direct Labour 950,000 980,000 Manufacturing Overhead 855,000 884.000 Required: 1. Compute Far In's Predetermined Manufacturing Overhead Rate. (2 marks) 2. Under the assumption that Far In's $38,000 ending Work in Process Inventory at year end had $12,000 of Direct Labour costs, compute the Work in Process Inventory's Direct Material costs. (4 marks)