Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Factory Wages Payable Factory Overhead Debit Credit Debit Credit Debit Credit 45,900 25, 150 126,900 86, 650 8,900 103, 584 8,900 41, 150 41, 150 62, 270 Work in Process Inventory Finished Goods Inventory Debit Credit Debit Credit 25, 150 171, 220 171, 220 15, 41, 90 86,650 103, 584 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied.Required 1 Required 2 Compute the amount that overhead is overapplied or underapplied. Underapplied overhead Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory account shows the following. Work in Process Inventory Debit Credit Beginning Direct materials used 1, 300, 000 Direct labor used 240, 090 Overhead applied 442, 090 1, 889, 000 Cost of goods manufactured Ending 93,006 1. Determine the predetermined overhead rate used (based on direct materials cost). 2. Only one job remains in work in process inventory at year-end. Its direct materials cost is $27,000. How much direct labor cost and applied overhead are assigned to this job? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Only one job remains in work in process inventory at year-end. Its direct materials cost is $27,000. How much direct labor cost and applied overhead are assigned to this job? Total cost of job in process $ 93,000 Less: Overhead applied Less: Direct materials cost of job in process 27,000 Direct labor cost