Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $710,000; direct labor. $3,600,000; and overhead applied, $2,520,000. 1. Determine the company's predetermined overhead rate for the year. 2. The ending balance of its Work in Process Inventory account was $77,000, which included $26,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory. r i 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 The ending balance of its Work in Process Inventory account was $77,000, which included $26,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory. Ending balance of work in process inventory |$ 77,000 a 9 Add: Factory overhead in WIP inventory 9 Direct materials cost in work in process inventory Add: Direct labor in work in process inventory