PAT LO 4.5 Freeman Furnishings has summarized its data as shown Depreciation of factory building Factory real estate taxes Factory utility expenses Indirect materials Indirect labor Direct labor cost Direct labor hours incurred Estimated direct labor hours Raw materials purchased Raw materials, beginning inventory Raw materials, ending inventory Work in process, beginning inventory Work in process, ending inventory Estimated overhead $100,000 15,000 85,000 32,000 25,000 85,000 23,500 24,000 $350,000 30,000 28,000 51,000 67,000 270,000 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours PABLO 4.6 Coop's Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate on 24 286 direct labor hours. At the end of the year actual overhead was $90,000 and the total direct labor hours were 24, 100 What is the entry to dispose of the overapplied or underapplied overhead? PAS LO 4.6 Mountain Peaks applies overhead on the basis of machine hours and reports the following information Budget $350,000 50,000 Overhead Machine hours Direct materials Direct labor Actual $352,000 49,000 $210,000 $350,000 A What is the predetermined overhead rate? B. How much overhead was applied during the year? C Was overhead over or underapplied, and by what amount? D. What is the journal entry to dispose of the over- or underapplied overhead