b$.$ The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follows:

$\backslash$table$[[$Job No$.,$Direct Material,Direct Labor,Machine Hours$],[................................,$$$21,000,$$$35,000,1,200],[.................................,-,22,000,700],[..................................................................................,44,000,65,000,2,000],[67...................................................................................,15,000,8,800,500]]$

c$.$ Manufacturing overhead during the first quarter included charges for depreciation $($$$34,000),$ indirect labor $($$$60,000),$ indirect materials used $($$$5,000),$ and other factory costs $($$$139,500).$

d$.$ Stellar Sound completed job no$.64$ and job no$.65.$ Job no$.65$ was sold on account, producing a profit of $$34,700$ for the firm.

Required:

Determine the company's predetermined overhead application rate.

Prepare journal entries as of March $31$ to record the following. $($Note: Use summary entries where appropriate by combining individual job data.$)$

a$.$ The issuance of direct material to production and the direct labor incurred.

b$.$ The manufacturing overhead incurred during the quarter.

c$.$ The application of manufacturing overhead to production.

d$.$ The completion of jobs no$.64$ and no$.65.$

e$.$ The sale of job no$.65.$

Determine the cost of the jobs still in production as of March $31.$

Did the finished$-$goods inventory increase or decrease during the first quarter? By how much?

Was manufacturing overhead under$-$ or overapplied for the first quarter of the year? By how much?