Saginaw Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost (5). Total manufacturing overhead was estimated to be $136,740 for the year, direct labor was estimated to total $159,000. Beginning Ending Inventory Inventory (1/1) (12/31) $ 13,600 $ 10,600 $ 29,600 $ 22,600 $ 41,600 $ 32,600 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory The following transactions have occurred during the year Raw materials purchases Direct materials used Direct labor Indirect materials used Indirect labor Factory equipment depreciation Factory rent Factory utilities Other factory costs $136,000 $ 74,200 $141,000 $ 16,600 $ 19,600 $ 28,600 $ 15,600 $ 12,100 $ 9,180 (a) Calculate the predetermined overhead rate. (a) Calculate the predetermined overhead rate. Predetermined Overhead Rate 86% 5:48 (b) Calculate cost of goods manufactured. Cost of Goods Manufactured (c) Calculate the over- or underapplied overhead. (Input the amount as positive value.) Overapplied Overhead Underapplied Overhead (d) Calculate adjusted cost of goods sold. Adjusted Cost of Goods Sold