Selected data for the consulting department of Kingman Consulting, Inc., follow: Estimated consulting overhead cost for the year $1,134,000 Estimated direct labor cost for the year (@ $9/hr.) 648,000 Actual manufacturing overhead cost for May 72,800 Actual direct labor cost for May (2,400 hours) 61,600 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. 96 b. Prepare a journal entry that applies consulting overhead for May. General Journal Description Debit Credit c. By what amount is consulting overhead over- or underapplied in May? Consulting overhead was .by $ in May