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Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $750,000, direct labor costs,

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Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $750,000, direct labor costs, $4,000,000; and factory overhead costs applied $3,200,000 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's $81,000 ending Work in Process Inventory account for 2017 had $30,000 of direct labor costs. determine the inventory's direct materials costs 3. Assuming that the company's $590,000 ending Finished Goods Inventory account for 2017 had $365,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the company's predetermined overhead rate for 2017 Overhead Rate Choose Denominator Choose Numeraton Overhead Rate Overhead rate Required 1 Required 2 Required 3 Assuming that the company's $81,000 ending Work in Process Inventory account for 2017 had $30,000 of direct labor costs, determine the inventory's direct materials costs. Total cost of work in process inventory Direct materials Required 1 Required 2 Required 3 Assuming that the company's $590,000 ending Finished Goods Inventory account for 2017 had $365,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Direct labor Factory overhead costs

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