Use the information below to answer the next 3 questions: At the beginning of the year, IB Inc. estimated that overhead would be 5880,000 and direct labor hours would be 220,000 hours. At the end of the year actual overhead was $920,600 and there were actual direct labor hours of 230,000. Year ended unadjusted COGS IS $2,000,000 What is the Rredetermined Overhead Rate? QUESTION 8 What is the overhead variance? O $200 overapplied O $400 underapplied O $600 overapplied O $600 underapplied QUESTION 9 The adjusted Cost of Goods Sold is: O $2,000,000 O $2,000,400 O $2,000,600 O $1,999,400 QUESTION 11 Please determine if each business should use process costing or job order costing. Food processing company (makes cereal) Paper Manufacturing A. Process Costing v Custom car manufacturer B.Job Order Costing Hammer manufacturer - Specialty Boat Maker