Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine hours. At the beginning of the year, management estimated that the company would incur $1,596,000 of factory overhead costs and use 57,000 machine hours. Erkens Company recorded the following events during the month of April: a. Purchased 208,000 pounds of materials on account; the cost was $4.80 per pound. b. Issued 134,000 pounds of materials to production, of which 22,000 pounds were used as indirect materials. c. Incurred direct labor costs of $310,000 and $54,000 of indirect labor costs. d. Recorded depreciation on equipment for the month, $78,500. e. Recorded expired insurance costs for the manufacturing property, $4,900. f. Paid $9,900 cash for utilities and other miscellaneous items for the manufacturing plant. g. Completed Job H11 costing $8,900 and Job G28 costing $84,000 during the month and transferred them to the Finished goods inventory account. h. Shipped Job G28 to the customer during the month. The job was invoiced at 35% above cost. 1. Used 10,500 machine hours during April. Required: 1. Compute Erkens Company's predetermined overhead rate for the year. 2. Prepare journal entries to record the events that occurred during April. 3-a. Compute the amount of overapplied or underapplied overhead. 3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 38 Compute Erkens Company's predetermined overhead rate for the year.