Savallas company is highly automated and uses computers to control manufacturing operations. The company used a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year :

Savetas Company is highly automated and uses computers to control manufacturing operations. The company uses a job order costing system and polis ma computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year turing overhead cost to products on the basis of 88,000 Computerhours Faxed manufacturing overhead cost Variable manufacturing overhead per computer hos During the year, a severe economic recession resulted in outing back production and a buildup of invertory in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year Computerhours Manufacturing overhead con $ ong 60.000 1,177000 410 000 100 000 New m $ Work in process Finished goods Cost of good old Required 1. Compute the company's predetermined overhead rate for the yew Round pre Overhead rate 18 computer hour 2. Compute the underapped or overapplied overhead for the year Round predeterm 2. Compute the underapplied or overapplied overhead for the year. (Round predetermin verhead rate to 2 decimal places) 3. Determine the cost of goods sold for the year after any adjustment for underapplied or overapplied overhead (Round predetermined overhead