2. Skywalker Corporation produces hand-made custom lightsabers for the most die-hard Star Wars fans. Each fan has their own individual lightsaber that they special order to fit their needs. Skywalker Corp. applies factory overhead based off direct labor hours for the year. Below is information pertaining to estimated and actual direc material, direct labor, and overhead costs as well as direct labor hours. I Estimated Direct Materials $24,350 Actual $26,900 Direct Labor 30,500 32,005 Factory supervisor salary 27,600 29,000 Indirect materials 10,300 11,000 Factory utilities 1,200 1,500 Other indirect Costs 275 350 Direct Labor Hours 4,500 5,000 a. Calculate the predetermined overhead rate b. Provide the journal entry to record the applied overhead. c. Provide the journal entry to close out the overhead account.