Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (noton the bass of raw materia!s purchased). Its predetermined overhead rate was based on a cost formula that estimated $111,600 of manufacturing overhead for an estimated allocation base of $93,000 direct material doliars to be used in procduction. The compary has provided the following data for the just completed year: Required: 1. Compute the predetermined overhesd rate for the year: 2. Compute the amount of underapplied or overapplied overhead for the yeat. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw moterials are used in production as direct matefials: 4 Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overopplied overhead in yout answer. 5. Assume that the $40,000 ending balance in Work in Process includes $8,100 of direct materials Given this assumption, supply the information missing below: Required: 1. Compute the precietermined overhead 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 materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year Do not include any underapplied or overapplied overhead in your answer 5 Assume that the $10,000 ending bolance in Work in Process includes $8,00 of direct materials. Glven this assumption suphly the information missing below: Complete this question by entering your answers in the tabs below. Assume that the $40,000 ending balance in Work in Process includes $8,100 of direct materials. Given this assumption, supply the information missing below