ter 2 Assignment Swed Help Save & Exit Submit Check my work 3 3. Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year. direct materials costs $770,000: direct labor costs. $4,200,000; and factory overhead costs applied. 52,940,000 1. Determine the company's predetermined overhead rate for the year, 2. Assuming that the company's $83,000 ending Work in Process Inventory account for the year had $32,000 of direct labor costs determine the inventory's direct materials costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 ce Determine the company's predetermined overhead rate for the year. Overhead Rate Choose Denominator Choose Numerator: Overhead Rate Overhead rate 4 1 Required 2 > Next