Q1: Materials used in product Property taxes on plant Advertising expense Labor costs of assembly-line workers $120,000 $16,000 $50,000 $110,000 Work in process inventory was $14,000 at January 1 and $17,000 at December 31. Compute cost of goods manufactured (COGM). Q2: AAA Company's Overhead costs are expected to total $400,000 for the year, and machine usage is estimated at 100,000 hours. For the year, $490,000 of overhead costs are incurred and 120,000 hours are used. a. Compute the manufacturing overhead rate for the year. b. Compute the applied overhead. Underapplied or Overapplied? Q3: Equivalent Units = . (two types of units)