Required information [The following information applies to the questions displayed below.] The controller for Tender Bird Poultry, Inc., estimates that the company's fixed overhead is $100,000 per year. She also has determined that the variable overhead is approximately $0.10 per chicken raised and sold. Since the firm has a single product, overhead is applied on the basis of output units, chickens raised and sold. Required: 1. Calculate the predetermined overhead rate under each of the following output predictions: (Round your answers to 2 decimal places.) Volumes Overhead Rate 200,000 $ 0.60 per chicken 300,000 $ 0.43 per chicken 400,000 $ 0.35 per chickenRequired information [The following information applies to the questions displayed below. ] The controller for Tender Bird Poultry, Inc., estimates that the company's xed overhead is $100,000 per year. She also has determined that the variable overhead is approximately $0.10 per chicken raised and sold. Since the firm has a single product, overhead is applied on the basis of output units, chickens raised and sold. 2. Does the predetermined overhead rate change in proportion to the change in predicted production? " Yes ONo Required information [The following information applies to the questions displayed below. ] McAllister, Inc., employs a normal costing system. The following information pertains to the yearjust ended. . Total manufacturing costs were $1,400,000. Cost of goods manufactured was $1,370,000. Applied manufacturing overhead was 20 percent of total manufacturing costs. Manufacturing overhead was applied to production at a rate of 80 percent of directlabor cost. Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31. Required: Compute the following to support the preparation of financial statements. 1. Compute the total direct-labor cost for the year. _:| Required information [The following information applies to the questions displayed below] McAllister, Inc., employs a normal costing system. The following information pertains to the yearjust ended. - Total manufacturing costs were $1,400,000. Cost of goods manufactured was $1,370,000. Applied manufacturing overhead was 20 percent of total manufacturing costs. Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost. Work-inprocess inventory on January 1 was 75 percent of workin-process inventory on December 31. 2. Calculate the total cost of direct material used during the year. _:|