Gm Maps YouTube Fang Lu - Google... Ch 15: Homework 1 Exercise 15-17 Overhead rate calculation, allocation, and analysis LO P3 aints Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year: direct materials costs, $840,000; direct labor costs, $4,900,000; and factory overhead costs applied, $3,430,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $90,000 ending Work in Process Inventory account for the year had $39,000 of direct labor costs. determine the inventory's direct materials costs. 04:13:38 eBook Complete this question by entering your answers in the tabs below. Required Required 2 Print ferences Determine the company's predetermined overhead rate for the year. Choose Numerator: Overhead Rate Choose Denominator: Overhead Rate Overhead rate 1 Raquimd 1 Required 2 > Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year: direct materials costs, $840,000; direct labor costs, $4,900,000; and factory overhead costs applied, $3,430,000 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $90,000 ending Work in Process Inventory account for the year had $39,000 of direct labor costs, determine the inventory's direct materials costs. . 04:13:27 Complete this question by entering your answers in the tabs below. DO Required 1 Required 2 Print Assuming that the company's $90,000 ending Work in Process Inventory account for the year had $39,000 of direct labor costs, determine the inventory's direct materials costs. rences Total cost of work in process inventory Direct materials