Emirates Steel Manufacturing Co. estimates its predetermined overhead rate annually on the basis of number of units produced. At the beginning of the year 2020 , The company estimated manufacturing overhead expenses for the coming year would be AED 6,000,000 and it estimated that 300,000 number of units would be produced for the coming year. At the end of May, actual manufacturing overhead for the month was AED 550,000 and its actual units produced were 26,000 units. Before disposition of over- or under-applied overhead, the applied M.OH is shown in the following cost accounting balances for the month of June Required: 1- Computer the over/underapplied M.OH amount for the month of May? 2- Prepare the journal entry to dispose of the over/under-applied overhead using the COGS approach. 3- Prepare the journal entry to dispose of the over/under-applied overhead using the proration approach. 4- If the net income after disposing over/underaplied M.OH was AED 740,000, and the company dispose the over/underapplied overhead using COGS, how much the net income will be before disposing