The company allocated overhead on the basis of direct labour hours. Required 1 Calculate the predetermined overhead rate. 2 Caiculate the cost of goods manufactured. 3 Calculate the amount of cost of goods sold. 4 What balance exists at the end of the year in the manufacturing overhead account (before the over/underapplied overhead is reallocated)? State whether the ending balance is over or underapplied. 5 Record the journal entry required to allocate the over/underapplied overhead to the cost of goods sold