Garrison, Inc., which uses a job-costing system, began business on January 1, 20x3 and applies manufacturing overhead on the basis of direct-labor cost. The following information relates to 20x3: Budgeted direct labor and manufacturing overhead were anticipated to be $280,000 and $420,000, respectively. Job nos. 1, 2, and 3 were begun during the year and had the following charges for direct material and direct labor: Job No. 2 Direct Materials $ 153,000 328,000 63,000 Direct Labor $ 43,000 73,000 88,000 Job nos. 1 and 2 were completed and sold on account to customers at a profit of 70% of cost. Job no. 3 remained in production. Actual manufacturing overhead by year-end totaled $310,000. Garrison adjusts all under- and overapplied overhead to cost of goods sold. Required: A. Compute the company's predetermined overhead application rate. B. Compute Garrison's ending work-in-process inventory. C. Determine Garrison's sales revenue. D. Was manufacturing overhead under-or overapplied during 20x3? By how much? E. Present the necessary journal entry to handle under-or overapplied manufacturing overhead at year- end. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Compute the company's predetermined overhead application rate. Predetermined overhead application rate % Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Compute Garrison's ending work-in-process inventory. Work-in-process inventory Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Determine Garrison's sales revenue. Sales revenue Required B Required D > Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Was manufacturing overhead under- or overapplied during 20x3? By how much? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Present the necessary journal entry to handle under- or overapplied manufacturing overhead at year-end. ( for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the under- or overapplied manufacturing overhead at year end. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal