Current Attempt in Progress Ivanhoe Company has the following data: Direct labor $65,360 Direct materials used 72.240 Total manufacturing overhead 55,900 Ending work in process inventory 25,800 Beginning work in process inventory 38,700\fCurrent Attempt in Progress Wildhorse Company estimates that annual manufacturing overhead costs will be $800,000. Estimated annual operating activity bases are direct labor cost $500,000, direct labor hours 50,000, and machine hours 100,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost % Overhead rate per direct labor hour $ Overhead rate per machine hour $View Policies Current Attempt in Progress At December 31, Sand hill Company reported the following balances in its accounts: Cost of Goods Sold $205300 Finished Goods Inventory 29.400 The company's balance in its Manufacturing Overhead account at the same date was a debit of $2.744. Prepare the entry to adjust the over- or underapplied overhead amount at December 31. {Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Tides and Explanation Debit Credit