10 pc Nobel Engineering Co. which uses a job-costing system, began business on January 1, 2017 and applies manufacturing overhead on the basis of direct-labor cost..1) Budgeted direct labor and manufacturing overhead were anticipated to be $168,000 and $250,000, respectively.2) Job # A, B, and C were begun during the year and had the following charges for direct material and direct labor:3) Job #A and B were completed and sold on account to customers at a profit of 60% of cost. Job C remained in production.4) Actual manufacturing overhead by year-end totaled $233,000. The Company adjusts all under- and over applied overhead to cost of goods sold. Required: a) Compute the company's predetermined overhead application rate and journalize the transactions: *