Save Suit Submit Check my work 6 At the beginning of the year, Custom Mfo established its predetermined overhead rate by using the following cost predictions overhead cost $1380,000, and direct materials coss, 5600,000. At year-end, the company's records show that actual overhead costs for the year are 5052,300. Actual direct materials cost had been assigned to jobs as follows 142 300 completed and sold Joos in finished goods Inventory Jobs in work in process inventory Total actual direct materials cost 3370,000 11,000 40.000 5497,000 OD 1. Determine the predetermined overhead tate 243. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rote and determine whether overhead is overopped or underapplied 4. Prepare the adjusting enty to allocate any over or underapplied overhead to cost of Good Sold Complete this question by entering your answers in the the below. and 4 Determine the predetermined overhead rate Choose Numer Overal Chose Denomina Oradale Ovde