At the beginning of the year, management estimated that the company would incur $1,980,000 of factory overhead costs and use 66,000 machine hours

A. purchased 180,000 pounds of materials on account; the cost was $5.00 per pound

B. Issued 120,000 pounds of materials to production, of which 15,000 pounds were used as indirect materials.

C. incurred direct labor costs of $240,000 and $40,000 of indirect labor costs

D Recorded Depreciation on equipment for the month $75,700

E Recorded insurance costs for the manufacturing property, $3,500

F Paid $8,500 cash for Utilities and other miscellaneous items for the manufacturer plant

G Completed Job H11 costing $7,500 and Job G28 costing $77,000 during the month and transferred

1. Compute Erkens Company predetermined Rate

2. Prepare Journal Entries to record the events that occurred during April

3. Compute the amount of overapplied or underapplied overhead and prepare a jounrnal entry to close overappplied or underapplied overhead into Costs of Goods Sold on April 30