Gitano products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). its predetermined overhead rate was based on a cost formula that estimated $121,800 of manufacturing overhead for an estimated allocation base of $87,000 direct material dollars to be used in production. the company has provided the following data for the just completed year: purchase of raw materials $ 134,000 direct labor cost $ 83,000 manufacturing overhead costs: indirect labor $ 119,900 property taxes $ 8,600 depreciation of equipment $ 17,000 maintenance $ 13,000 insurance $ 7,600 rent, building $ 39,000 beginning ending raw materials $ 22,000 $ 13,000 work in process $ 44,000 $ 36,000 finished goods $ 68,000 $ 58,000 required: 1-a. compute the predetermined overhead rate for the year. 1-b. compute the amount of underapplied or overapplied overhead for the year. 2. prepare a schedule of cost of goods manufactured for the year. assume all raw materials are used in production as direct materials. 3-a. compute the unadjusted cost of goods sold for the year. (do not include any underapplied or overapplied overhead in your cost of goods sold figure.) 3-b. identify the options available for disposing of underapplied or overapplied overhead? (select all that apply.) 4. job 215 was started and completed during the year. what price would have been charged to the customer if the job required $3,600 in direct materials and $4,600 in direct labor cost and the company priced its jobs at 55% above the job’s cost according to the accounting system?