What is the predetermined overhead rateWhat is the amount of overhead appliedWhat is the cost of goods soldWhat is the net income

Lovepreet Singh: Attempt 1 the given details Fane's Shovels produces small, custom earth-moving equipment for landscaping companies. Manufacturing overhead is allocated to Direct labour hours. The estimated manufacturing overhead is $25000. Further following information is also given Sales= 75000 Estimated Direct material cost = 3500 Estimated labour hour= 2500 Direct Material = 12500 Direct labour hours= 700 Labour rate per hour = $5 Beginning Work in Process = 1500 Ending work in Process = 950 Beginning Finished goods = 500 Ending Finished goods = 500 Selling and administrative expense = 25000 Question 12 (2 points) Saved What is the predetermined overhead rate