' 13-1 n' 5 10,100 __ $ 7,300 7 $ 5,500 $ 23,000 Direct materials used Direct labor 5 16,800 $ 5,000 5 6,000 $ 27,806 Machine hours 1,900 hours 2,760 hours 800 hours 5,400 hours m Job 101 was completed and sold for $50,700. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the rst month of operations totaled $19,320. Required: 2 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) ' 2 Compute the total manufacturing overhead applied to the Work in Process Inventory account during the rst month of operations. (Round your intermediate Calculations to 2 decimal places.) 3. Compute the balance in the Work in Process Inventory account at the end of the rst month. (Round your intermediate calculations to 2 decimal places.) - 4. How much gross prot would the company report during the rst month of operations before making an adjustment for over or underapplied manufacturing overhead? (Round your intermediate calculations to 2 decimal places.) . _ E-a. Determine the balance in the Manufacturing Overhead account at the end of the first month. (Round your Intermediate calculations to 2 decimal places.) 56. is it over- or underapplied