please help me with this assignemnt. I dont quite ubderstand how to put it all. I need this as soon as possible. Thank you!!!

At the beginning of the year, a manufacturing company estimates it will incur S240,000 of overhead costs. The company applies overhead using machine hours and estimates it will use 1,600 machine hours for the year. During June, the company used 80 machine hours on Job 1 and 70 machine hours on Job 2. 1. Compute the predetermined overhead rate. 2. Determine overhead applied in June to (a) Job 1 and (b) Job 2 3. Prepare the journal entry to record overhead applied for June. Solution 1. S240,000/1,600 - S150 per machine hour. 2. (a) 80 * $150 - $12,000 applied to Job 1. (b) 70 x $150 - $10,500 applied to Job 2. 3. 22,500 Work in Process Inventory Factory Overhead Applied overhead 22.500 c D E G H Requirement 1 Prepare the job cost sheets Job No. 136 lob No. 138 Job No. 100 Material Labor Overhead Total Cost 80 150 12,000 12,230 Material Labor Overhead Total Cost Material Labor Overhead Total Cost Bob No 137 Job No 139 Material Labor Overhead Total Cost Material Labor Overhead Total Cost A B D E 3 F G Require 2 5 Journal Entries 5 Debit Credit 7 Explantion 3 Raw Materials Inventory 10 Accounts payable 1 2 3 5 Jobcostsheet journal T-Accounts eady Arrer A D E F G Raw materials inventory Goods in Process Finished Goods Inventory Factory Payroll Factory Overhead Cost of Goods Sold O Jobcostsheet journal T Accounts