PT. Indah Sari uses a job-order costing system to produce custom lamps. The predetermined overhead rate is based on the allocation base of the number of machine hours. At the beginning of the year, the company estimates that manufacturing overhead costs for the year are $240,000 and machine hours of 8,000 hours.The following information relates to activities in April of the current year:

	Job A	Job B	Job C	Total
Work in Process, April. 1	$16,000	$26,000	$38,000	$80,000
April Production Activities:
-Use of Raw Materials	$4,000	$4,800	$7,200	$16,000
-Direct labor costs	$2,400	$3,600	$4,000	$10,000
-Machine Clock	400	700	900	2,000
-Direct Labor Hours	120	180	200	500

The actual manufacturing overhead incurred in April was $61,000.

requested

1. Calculate the predetermined overhead rate.
2. Determine the total cost associated with each job
3. What is the value of Cost of Production?
4. What is the value of the finished goods in process?
5. What is the value of the final finished goods?
6. How much does under/over applied overhead cost?
7. Determine COGS Value after adjusting for over/underapplied OH