Pasifika Steel provides customized steel works and uses a job order costing system. In allocating overhead, it uses a predeterminedoverhead rate based on machine hours. In January 2020, Pasifika Steel estimated manufacturing overhead for the year would be $135,000 and 9.000 machine hours would be used. The following information pertains to December 2020. Job No. 280 Job No. 281 Job No. 282 Totals $8,000 $13,000 $19.000 $40,000 Work in process, December 1 December production activity: Materials requisitioned Directlabor costs Machine hours $2,000 $1,200 400 $2,400 $1,800 700 $3,600 $2,000 900 $8,000 $5,000 2,000 Actual manufacturing overhead costs incurredin December were $31,000 REQUIRED Show All necessary workings 1. Compute the predetermined overhead application rate. (Label the OH rate correctly) (2 marks) 2. Petermine the total cost associated with eachjob. 16 marks) 3. Prepare journal entries for the following (narrations are not required): (0) Materials requisitioned ii) Direct labour costs incurred (m) MOH cost applied (iv) The completion of the three jobs (1.5 marks) (1.5 marks) (2 marks) (2 marks)