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Please explain how you approached your two answers Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during

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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, $820,000; direct labor costs, $4,700,000; and factory overhead costs applied, $2,820,000. 1. Determine the company's predetermined overhead rate for 2017. 2. Assuming that the company's $88,000 ending Work in Process Inventory account for 2017 had $37,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $660,000 ending Finished Goods Inventory account for 2017 had $386,000 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 Assuming that the company's $660,000 ending Finished Goods Inventory account for 2017 had $386,000 of direct materials costs,determine the inventory's direct labor costs and its overhead costs Direct labor Factory overhead costs

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