Tasty Bakery applies overhead based on direct labor costs. The company reports the following costs for the year: direct

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Tasty Bakery applies overhead based on direct labor costs. Thecompany reports the following costs for the year: direct materials,$660,000; direct labor, $3,100,000; and overhead applied,$2,170,000. 1. Determine the company’s predetermined overhead ratefor the year. 2. The ending balance of its Work in ProcessInventory account was $72,000, which included $21,000 of directlabor costs. Determine the direct materials costs in ending Work inProcess Inventory. What is the answer to #2?