Ironstone incorporated prodvces ceramic colfee mugs and pencil holders. Manufacturing ovorhead is assigned to production uning an application tate based on direct labor hours. Required: a. For 2022, the company's cost accountant estimated that total overhead costs incurred would be $475,200 and that a total of 54,000 direct iabor hours would be worked. Calculate the amount of onerhead to be apolied far each direct labor hour worked on a production run. Note: Round your anwwer to 2 decimal places. b. A production run of 400 colfee mugs used raw materials that cost $460 and used 40 diect labor hours at a cost of 310.40 per hour Calculate the cost of each coffee mug produced. Note: Do not round intermediate calculations. Pound your answer to 2 decimal places. c. At the end of Aupust 2022, 320 cotfee mugs made in the productlon run in part b had been sold and the rest were in enoing invertary. Colculate (1) the cost of the coffee mugs sold that would have been reported in the income statement and (R) the cost included in the August 31, 2022, finshed goods inventory. Note: Do not round intermediate calculations. Round your answers to 2 decimal ploces