Printing Impressions Inc. uses job costing for its printing operations. Budgeted overhead for 2003 amounts to $450,000 with an estimated machine time of 5,000 hours. Actual overhead amounted to $440,000 with total actual machine time of 4,400 hours. Material costs charged to Work in Process amount to $320,000 and direct labor amount to $132,000. Jobs J7, J8, and J9 are still open. Each one of them have associated material costs of $5,480 and direct labor costs of $1,750. The machine hours associated with these jobs are 25, 34, and 46 hours respectively. Sales for the year amounted to $974,500. Job # J6 which is complete is still in the warehouse and amounts to $17,650. There was no inventory at the beginning of the year. Required: a) Determine the overhead rate per machine hour. b) Determine the amount of overhead applied. c) Determine the cost of Work in Process. d) Determine the Cost of Goods Sold: e) Determine the over/underapplied overhead amount. 1) Determine the disposition of the over/underapplied amount using the proration " method. g) Determine the amount of gross profit. h) Prepare all the necessary journal entries