Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year. direct materials costs, $780,000, direct labor costs, 54,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $84,000 ending Work in Process Inventory account for the year had $33,000 of direct labor costs, determine the inventory's direct materials costs Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the company's predetermined overhead rate for the year. Overhead Rate Choose Denominator: Choose Numerator: Overhead Rate Overhead rate 1 = Remus Required 2 > Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year direct materials costs, S780,006, direct labor costs, $4,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $84,000 ending Work in Process Inventory account for the year had $33,000 of direct labor costs, determine the inventory's direct materials costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming that the company's $84,000 ending Work in Process Inventory account for the year had $33,000 of direct labor costs, determine the inventory's direct materials costs. Total cost of work in process inventory Direct materials