value 10.00 points Red Wing Company applies factory overhead based on direct labor costs. The company incurred the following costs during 2011: direct materials costs, $635,500; direct labor costs, $4,800,000; and factory overhead costs applied, $2,544,000 1. Determine the company's predetermined overhead rate for year 2011 (omit the %" sign in your response.) that the company's $53,000 ending Goods in Process Inventory account for year 2011 had $15,000 of direct labor costs, determine the inventory's direct materials costs. (Omit the "S" sign in your response.) that the company's $337,435 ending Finished Goods Inventory account for year 2011 had 7,475 of direct materials costs, determine the inventory's direct labor costs and its overhead costs (Round your answers to the nearest dollar amount. Omit the"$" sign in your response.) Direct labor cost References