Work in Process Inventory gimning Balance rect Materials rect Labor ctory Overhead ansferred Out ading Balance 75.500 805 000 US U Unknown Chapter 16 Practice Problem #3 - Calculating Factory Overhead Problem #1 Estimated Direct Labor Hours 125,000 Estimated Direct Labor Dollars $ 5.454545 Estimated Factory Overhead $ 3.000.000 Actual Direct Labor Hours 200,000 Actual Direct Labor Dollars $ 6.500.000 Actual Factory Overhead Costs 2,800,000 The company's applies overhead to products based on Direct Labor Doller A) Calculate the predetermined factory overhead rate based on Direct Labor Dollars B) Use the predetermined overhead rate to apply overhead to products. Calculate the over/underapplied overhead, Problem #2 Estimated Direct Lobor Hours Estimated Direct Labor Dold 530,000 LA 20f4