A company named Soorya applies overhead costs on the basis of machine hours. At the beginning of the year, 33,000 machine hours were estimated and a total of $231,000 was estimated for manufacturing overhead. Actual level of activity for the year was 34,000 machine hours and the actual manufacturing overhead costs incurred totaled $252.000 Required: 1. Prepare the journal entry for the application of manufacturing overhead costs to production. 2. Prepare the journal entry to close out the manufacturing overhead at the end of the year.