Underapplied or Overapplied Overhead

At year$-$end, Dub$$s Wind Generator Co$.$ had a $$56,000$ debit balance in its Manufacturing Overhead Control account. Overhead is applied to products based on direct labor cost. Relevant account balance information at year$-$end follows:

Work in Process InventoryFinished Goods InventoryCost of Goods SoldDirect material$$28,000$$$112,000$$$168,000$Direct labor$14,00056,00070,000$Factory overhead$28,000112,000140,000$$$70,000$$$280,000$$$378,000$

a$.$ What predetermined OH rate was used during the year?

Note: Enter your result as a percentage.

OH rateAnswer $1$

b$.$ Prorate the overhead account balance based on the relative balances of the appropriate accounts.

Note: Do not round proportions in your calculations.

Note: Round your final answers to the nearest whole dollar.

Work in process inventory

Finished goods inventory

Cost of goods sold

Total