Question: Please help........... Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $680,000; direct labor,

Please help...........

Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $680,000; direct labor, $3,300,000; and overhead applied, $2,310,000. 1. Determine the company's predetermined overhead rate for the year. 2. The ending balance of its Work in Process Inventory account was $74,000, which included $23,000 of direct labor costs. Determine the direct materials costs in ending Work in Process Inventory. Complete this question by entering your answers in the tabs below

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