The company has the following information available for the past year: Raw Materials purchased Direct Labor cost incurred(at $20/hr) $480,000 $840,000 Variable O/H applied based on $12/DL hour Fixed O/H applied based on machine hours used Estimated Fixed Overhead $624,000 Estimated Machine hours 48,000 Actual Machine hours 44,000 Actual General and Administrative Exp $640,000 Inventory balances were as follows: Raw Materials Work in Process Finished Goods Beginning of year End of year 78,000 54,000 66,000 103,000 208,000 244,000 Required: a. Calculate the variable overhead applied to Work in Process b. Calculate the predetermined fixed overhead rate. c. Calculate the Cost of Goods Manufactured d. Calculate the Cost of Goods Sold