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PROBLEM 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis LO3-3, LO3-4 manufacturing overhead for an estimated allocation base of $500;000 direct material dollars to be used in production The company has provided the following data for the just Completed year Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year Assume all raw materials are used in production as direct materials 5. Assume that the $70,000 ending balance in Work in Process includes $24,000 of direct materials: Given this assumption;supply the information missing belo