Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for...

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Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $820,000; direct labor, $4,700,000; and overhead applied, $2,820,000. 1. Determine the company's predetermined overhead rate for the year. 2. The ending balance of its Work in Process Inventory account was $88,000, which included $37,000 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. Required 1 Required 2 Determine the company's predetermined overhead rate for the year. Overhead Rate Numerator: Denominator: Overhead Rate Overhead rate Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct materials, $820,000; direct labor, $4,700,000; and overhead applied, $2,820,000. 1. Determine the company's predetermined overhead rate for the year. 2. The ending balance of its Work in Process Inventory account was $88,000, which included $37,000 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. Required 1 Required 2 Determine the company's predetermined overhead rate for the year. Overhead Rate Numerator: Denominator: Overhead Rate Overhead rate

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