please answer completly

Barney Frank Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: Computer-hours Fixed manufacturing overhead cost Variable manufacturing overhead per computer-hour 86,000 $1,278,000 3.60 During the year, a severe economic recession resulted in cutting back production and a buildup OT inventory in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: Computer-hours Manufacturing overhead cost Inventories at year-end: 40,000 $ 797,000 Raw materials Work in process Finished goods Cost of goods sold $ 440,000 $ 170,000 $1,020,000 $2,720,000 Required. 1.Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places. Omit the"$" sign in your response.) Predetermined overhead rate per hour 2.Compute the underapplied or overapplied overhead for the year. (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. Input the amount as a positive value. Omit the "$" sign in your response.) (Click to select) / overhead cost 3.Assume the company closes any underapplied or overapplied overhead directly to cost of goods sold Prepare the appropriate entry. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select)