Ironstone fmcorporated peduces ceramic coffee mugs and pencit hoddess. Manufactuting overheid is assicgned to production using an application rate based on direct labor hours. Required: a. For 2022 , the company's cost accountant estmated that total ovethead costs ancurred would be 5533,600 and that a total of 58,000 direct labor hours would be worked. Calculate the amount of owerhead to be applied for each direct labor hour worked on a production run Note: Reund your answer to 2 decimal ploces. b. A prodiction run of 400 coffee mugs used raw materials that cost 5500 and used 40 direct labor hours at a cost of 510.80 per hotir. Calculate the cost of cach coffee mug produced. Note: Do not round intermediote calculetions. Round your answer to 2 decimal places. c. At the end of August 2022.160 colfee mugs made in the production run in part b had been sold and the rest were in ending inventory. Calculate (1) the cast of the coffee mugs sold that would have been reported in the income statement and (2) the cost inchuded in the August 31, 202?, finished goods inventory. Note: Do not round intermediate calculations. Round your enswers to 2 decimal places