Help Save&Exi Sub 2 Check my work Problem 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis [LO3-3, Lo3-4 Products operates a job-order costing system and appliles overhead cost to jobs on the basts of direct materials used in Gitano production (not on the basts of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $118,300 of manufacturing overhead for an estimated allocation base of company has provided the following data for the just completed year 40 points $91,.000 direct material dollars to be used in production. The eflook Purchase of raw materials Direct labor cost Manufacturing overhead costs: 134,0e9 87,0e0 Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building % 109,500 8,90e 18,000 13,080 $ 7,5ee 39,009 Raw Materials Work in Process Finished Goods 26,000 12,000 49,00039,e80 74,000 57,000 Required: 1 Compute the predetermined overhead rate for the year