PART B 10 Marks In another of its divisions that utilizes Job Order Costing, the following information has been provided: Overhead costs are assigned to jobs on the basis of machine hours. The division estimated the following annual amounts for 2022: Company Direct materials $60,000 Direct labor $25,000 Manufacturing overhead costs $72,000 Machine hours 80,000 Details on Job #362, completed during June 2022, follows: Job #362 Direct materials $4,500 Direct labor $2,500 Machine hours 1,350 Required: a. Compute the predetermined overhead rate. (2 Marks) b. Compute the manufacturing overhead cost assigned to Job #362. (1 Mark) c. Compute the total manufacturing costs for Job #362. (2 Marks) d. Compute the over- or under-applied overhead cost for June 2022, given the following: Actual machine hours totaled 7,000 Actual overhead costs were $6,000 (3 Marks) e. Journalize the necessary entry at June 30, 2022 to adjust the over- or under-applied overhead cost computed in part (d). (2 Marks)