ses d job costing system with normal costing and applies factory overhead on the basis of machine hours. At the beginning of the year, management estimated that the company would incur $1.860,000 of factory overhead costs and use 60,000 machine hours Erkens Company recorded the following events during the month of April: a. Purchased 214.000 pounds of materials on account, the cost was $510 per pound b. Issued 137,000 pounds of materials to production of which 23,500 pounds were used as indirect materials cincurred direct labor costs of $325,000 and $57,000 of indirect labor costs. d. Recorded depreciation on equipment for the month $79.100. e. Recorded expired insurance costs for the manufacturing property, $5,200 1. Paid $10,200 cash for utilities and other miscellaneous items for the manufacturing plant g. Completed Job H11 costing 99 200 and Job G2B costing $85,500 during the month and transferred them to the Finished goods Inventory account h Shipped Job G28 to the customer during the month. The job was invoiced at 35% above cost Used 11100 machine hours during April Required: 1. Compute Erkens Company's predetermined overhead rate for the year 2. Prepare journal entries to record the events that occurred during Art 3.a Compute the amount of overapplied or underapplied overhead 3-6 Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30