Gitano Products aperates a job-onder costing system and applies overhead cost to jobs on the basis of direct materials usedin production (not on the basis of raw materinis purchased). As predeterintined overtiead rate was besed on a cost foemula that estimated $128,900 of mbrufacturing overinead for an estimated ailocation base of $92,000 drect material doliars to be used in production. The compamy thas provided the following data for the just completed year: Required: 1. Compute the predetermined owerthesd rate for the year 2. Compute the amourt of underapplied or overapplied overinead for the yeat. 3. Prepore n schedule of cost of goods manufactured for the yeoc. Assume at raw materials are used in protuction as direct materials 4. Compute the unadjusted cast of goots sold for the year. Do noe include any underapplied or overapalied overnead in your answer. 5. Assume that the $38,000 ending balance in Work in Process neludes 58300 af difect matenals. Given this assumption, supply the information missing beiow: Complete this question by entering your answers in the tabs below. 2. Cotpute the predetermined ovethead rate tor the yex. 2. Cotrpute the amaunt of underspiled er overeppiled ovethed for the yeac 4. Campite the unadjusted cost at goods scid fot the yee Do not inctude any inderafpied of dreiapptied oye mend in your answee thocmirion minsing beaw: vinteritz. Bequtecat: 1. Cormpues the predetermined ovemeod rate for the jeor witormition tisting below: Cemplete this quetiben by eatering your answern in the tabe seiow. Dequitre: 1. Campute the pisdetermaned oveiness rale tor the yso. 2. Cotrote the amourt of undersppied or overafeiled oveitiead tat the yept. vitatmicen riang becon: Catipiete tols pielites by enterting your antwers in the tase below