Managerial Accounting-Extra Credit Problems-10 Points (5 points each problem) PLEASE SHOW ALL OF YOUR WORK! SUMMER 2019 Name 1. Granite Company uses a job-order costing system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year, manufacturing overhead and direct labor-hours were estimated at $82,432 and 16,100 hours. respectively, for the year. At the end of the year, it was determined that the company actually worked 15,873 direct labor-hours for the year, and incurred $79, 842.16 in actual manufacturing overhead costs. In June, Job #315 was completed. Materials costs on the job totaled S1,542 and labor costs totaled $2,497. There were 407 direct labor hours worked on Job # 315 a. Determine the predetermined overhead rate for the year. b. Determine the amount of overhead charged to all jobs during the year (in total), and write the journal entry to apply overhead. c. Determine the amount of underapplied or overapplied overhead for the year, and write the journal entry to close the manufacturing overhead account assuming this amount was immaterial. d. Assuming that 102 units were completed, determine the total product cost and the per unit product cost that would appear on the job cost sheet for Job # 315