Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2015:direct materials costs, exist650,000:direct labor costs, exist3,000,000:and factory overhead costs applied, exist1,800,000. Determine the companys predetermined overhead rate for year 2015. Assuming that the companys exist71,000 ending Work in Process Inventory account for year 2015 had exist20,000 of direct labor costs, determine the inventorys direct materials costs. Assuming that the companys exist490,000 ending Finished Goods Inventory account for year 2015 had exist250,000 of direct materials costs, determine the inventorys direct labor costs and its overhead costs