Reed Incorporated uses job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $ 240,000 and machine hours would be 8,000. The following information pertains to December of the current year. Job 10 $ 16,000 Job 11 $ 26,000 Job 12 $ 28,000 Total $ 80,000 WIP, Dec. 1 December production activity: $ 4,000 $ 4,800 $ 7,200 $ 16,000 Materials Requisitioned Direct Labor Cost Machine Hours Labor Hours $ 2,400 400 $ 3,600 700 $ 4,000 900 $ 10,000 2,000 500 120 180 200 Actual manufacturing overhead cost incurred in December was $ 61,000. Required: A. Compute the predetermined overhead application rate. B. Determine the total cost associated with each job. C. What is the gross margin for Job 10? D. What is the cost assigned to ending work-in-process? E. Assuming No Beginning finished goods, what is the cost assigned to ending finished goods? How much was overhead over/underapplied? F