Rate.sting Cost of Goods VE Exercise 5-32 Calculating the Predetermined Overhead Rate, Production,Reconciling Overhead at the End of the Year, Adjusting Cost Overhe for Under- and Overapplied Overhead Reqt What wa of ad What was rate for th Exercise 5-35 referred to for At the beginning of the year, Horvath Company estimated the following: 3. Assuming Overhead Direct labor hours S486,400 95,000 Horvath uses normal costing and applies overhead on the basis of direct labor h month of January, direct labor hours were 7,830. By the end of the year, Horvath following actual amounts: For each of hours, F hours. For t Rea Required Overhead Direct labor hours $476,100 93,500 1. Direct ma 2. Greiner's direct lab on Job 2 3. Pasilla I 2. Calculate the overhead applied to production in January. (Note: Round to the nearest dolla.) Exercise 5-3 Assume that unadjusted Cost of Goods Sold for Horvath was $707,000. Required: I. Calculate the predetermined overhead rate for Horvath. involved 3. Calculate the total applied overhead for the year. Was overhead over- or underapplied? B Mileage 4. The fore how much? 4. Calculate adjusted Cost of Goods So Exercise 5-33 id after adjusting for the overhead variance. to Production Calculating Departmental Ovar Jagjit Comp were two 10