Tyler Tooling Company uses a job order cost system with overhead app $234,460 and total machine hours at 61,700. During the first month of q for each job: Job 101 Direct materials used Direct labor Machine hours $11,100 $ 16,900 $ 9,000 S 6,500 $ 5, $ 5, 1,700 hours 2,200 hours Job 101 was completed and sold for $51,600 Job 102 was completed but not sold Job 103 is still in process Actual overhead costs recorded during the first month of operations totale Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 per Machine Hour Predetermined Overhead Rate O Type here to search ad applied to products on the basis of machine hours. For the u nth of operations, the company worked on three jobs and recorde Job 103 $ 5,900 S 5,300 Total S 26,000 $ 28,700 urs 500 hours 4,400 hours ions totaled $15,520 swer to 2 decimal places.) Save & Exit Submit ing year, the company estimated its total manufacturing overhead cost at e following actual direct materials cost, direct labor cost, and machine hours 7:12 PM ^ }dx 2/15/2019 2. Compute the total manufacturing overhead applied to the Work in al Applied Manufacturing Overhead 3. Compute the balance in the Work in Process Inventory account at Ending Work in Process Inventory 4. How much gross profit would the company report during the first m to 2 decimal places.) Gross profit ork in Process Inventory account during the first month of operations ount at the end of the first month. (Round your intermediate calcula e first month of operations before making an adjustment for over- or un ions. (Round your intermediate calculations to 2 decimal places.) Iculatiops to 2 decimal places) - or underapplied manufacturing overhead? (Round your intermediate cale 5-a. Determine the balance in the Manufacturing Overhead acc Balance 5-b. Is it over- or underapplied? O Overapplied O Underapplied References eBook & Resources Worksheet Learning Objectiv predetermined ove apply manufacturi Difficulty: 2 Medium onth of operations before making an adjustment for over- or underappl at the end of the first month. (Round your intermediate calculations