Required:1Determine the company's predetermined overhead rate.2Prepare job cost sheets for the first quarter to record all jobs from 54 to 57, with the application of manufacturing overhead to production.3With the completion of job numbers 64 and 65, and sale of job number 65, determine:a. The cost of the jobs still in production as of March 31.b. The total cost of jobs soldc. The sale price of Job 65How much was Manufacturing Overhead over or under-applied?Why did this occur?

Part (a) 787,000.00 105,000.00 Job Numbers Balance, Direct Materials Direct Labour Direct Labour Hours 1-Jul 741 22,402.50 $ 21,675.00 $ 58,235.00 3,800.00 742 EA EA EA 41,411.25 33,830.00 $ 46,075.00 3,230.00 743 20,910.00 $ 12,282.50 $ 27,265.00 1,881.00 744 $ 11,560.00 $ 23,275.00 1,520.00 EA EA 745 S 7,157.00 20,235.00 1,330.00 Depreciation 35,000.00 Indirect Labour EA EA EA 19,000.00 Indirect Materials 10,500.00 Other Factory EA 12,000.00 Costs