Lyric Technology, Inc., has a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The predetermined overhead rate in Department A is based on machine hours, and the rate in Department B is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year: Machine-hours Direct labour-hours Direct materials cost Direct labour cost Manufacturing overhead cost Department B 70,000 19,000 30,000 60,000 $195,000 $282.000 $260,000 $520,000 $420,000 $705,000 Job 243 entered into production on April 1 and was completed on May 12. The job was subsequently sold on May 31 for $8,500. The company's cost records show the following information about the job: Department A B Machine-hours 250 60 Direct labour-hours 70 120 Direct materials cost $840 $1,100 Direct labour cost $610 $880 At the end of the year, the records of Lyric showed the following actual cost and operating data for all jobs worked on during the year: Department B Machine-hours 61,000 20,000 Direct lahaww.hone 200 66 nnn At the end of the year, the records of Lyric showed the following actual cost and operating data for all jobs worked on during the year: Department A B Machine-hours 61,000 20,000 Direct labour-hours 28.000 66.000 Direct materials cost $156,000 $284,000 Manufacturing overhead cost $385,000 $705,000 Required: a.) Compute the predetermined overhead rates for Department A and Department B. b.) Compute the total overhead cost applied to Job 243, Show the journal entries to record the a) applied overhead cost for this job. b) completion of this job. c) delivery of this job to the customer. c.) Compute the amount of underapplied or overapplied overhead in department A at the end of the current year. d.) How would Lyric adjust for the amount in c) above when completing their financial statements? Assume that all inventory accounts are properly stated. Prepare the journal entry