problems 1,2 and 3 please thank you so much

EXERCISE 3-9 Applying Overhead; T-accounts: Journal Entries LC3-10.LO3-20. L03-413 Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192.000 of total manufacturing overhead for an estimated activity level of 80.000 machine-hours: Required: 1. Assume that during the year the company works only 75.000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Manufacturing Work in Overhead Process (Maintenance) 21,000 ? (Direct materials) 710,000 (Indirect materials) 8,000 (Direct labor) 90,000 (Indirect labor) 60,000 (Overhead) (Utilities) 32,000 (Insurance) 7.000 (Depreciation) 56,000 Copy the data in the T-accounts above onto your answer sheet. Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold 3. Explain why the manufacturing overhead was underapplied or overapplied for the year. Exercise 3-9 1. The overhead applied to work in process is computed as follows: Machine-hours worked Predetermined overhead rate $ Overhead applied to work in process $ per MH This amount is shown in entry (a) below: Manufacturing Overhead (Maintenance) 21,000 (a) (Indirect materials) 8,000 (Indirect labor) 60,000 (Utilities) 32,000 (Insurance) 7,000 (Depreciation) 56,000 Balance Work in Process (Direct materials) 710,000 (Direct labor) 90,000 (Overhead) (a) 2. Overhead is applied by $ for the year, as shown in the Manufacturing Overhead account above. The entry to close out this balance to Cost of Goods Sold would be: 2. Overhead is applied by $ for the year, as shown in the Manufacturing Overhead account above. The entry to close out this balance to Cost of Goods Sold would be: 3