the Pre ying Overhead to Pr ling Overhead at the End of the Year, Adjusting Cost of on, Sold for Under and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead Direct labor hours $160,000 80,000 Han uses normal costing and aplies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,150. By the end of the year Han showed the following actual amounts: Overhead Direct labor hours Assume that unadjusted Cost of Goods Sold for Han was $176,000. Required: $166,000 79,600 1. Calculate the predetermined overhead rate for Han, Round your answers to the nearest cent, if rounding is required per direct labor hour 2. Calculate the overhead applied to production in January. (Note: Round to the nearest dollar, If rounding is required.) Was overhead over- or underapplied? By how much? overhead 4. Calculate adjusted Cost of Goods Sold after adjusting for the overhead variance