Selected data for the consulting department of Austin Consulting, Inc, follow: Assuming that direct labor cost is the basis for applying consulting overhead, Calculate the predetermined overhead rate. Prepare a journal entry that applies consulting overhead for January. By what amount is consulting overhead over- or underapplied in January? Using the data in Exercise 3-1A, but assuming that the basis for applying consulting overhead is direct labor hours, complete requirements through. During the coming accounting year, Baker Manufacturing, Inc, anticipates the following costs, expenses, and operating data, related to Job 63; Provides for operating 35,000 machine hours