Gitano Procucts operates a jab order cobting syitem and appics overhead cost to jobs on the bask of cirect inateriak used in procuction (not on the basis of raw materias purchased. its precelermined overtiead rate was based on as cost formula that estimated $19,600 of manatacturng overhead for an estmated allocabon base of 592,000 diect malerial doliars to be used in productica. The compary has provided the following data for the just completed year Required: 1. Compute the predeteimined overnead rate for the year. 2 Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw matenais are used in production as direct matertass 4. Compute the unadjusted cost of goods sold for the year. Do not include any uncerapplied or overappled overtiead in your answei. 5. Assume that the $38,000 ending balance in Work in Process includes $8.600 of diect materials. Given this assumption, supply the informaban missing below. Complete this question by entering your answers in the tabs below. Gitano Procucts operates a jab order cobting syitem and appics overhead cost to jobs on the bask of cirect inateriak used in procuction (not on the basis of raw materias purchased. its precelermined overtiead rate was based on as cost formula that estimated $19,600 of manatacturng overhead for an estmated allocabon base of 592,000 diect malerial doliars to be used in productica. The compary has provided the following data for the just completed year Required: 1. Compute the predeteimined overnead rate for the year. 2 Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw matenais are used in production as direct matertass 4. Compute the unadjusted cost of goods sold for the year. Do not include any uncerapplied or overappled overtiead in your answei. 5. Assume that the $38,000 ending balance in Work in Process includes $8.600 of diect materials. Given this assumption, supply the informaban missing below. Complete this question by entering your answers in the tabs below