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SweetTooth Corporation manufactures and sells Sweet candies which began operations on May 1, 2022, reported the following information. SweetTooth uses a normal cost system and

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SweetTooth Corporation manufactures and sells Sweet candies which began operations on May 1, 2022, reported the following information. SweetTooth uses a normal cost system and applies manufacturing overhead to jobs on the basis of direct labor hours. Hourly pay is $23 per hour. On April 302023 , job #859 was the only job that remained in production. That job had direct material and direct labor charges of $33,400 and $46,000, respectively. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal. places. a) Determine the company's predetermined overhead rate. Predetermined Overhead Rate =$ per direct labor hour b) Determine the amount of under-or overallocated overhead. Actual Manufacturing Overhead: \$\$ Allocated Overhead: 5 c) Calculate the balance the company would report as ending WIP inventory. Direct Materials Used: \{ Direct labor: $ Allocated Overhead: $

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