Specifically looking for help with question number 3 and question number 4.

On question 3 there are only eight lines for the journal entry and you must use the correct chart of accounts wording.

On question number 4 the number is incorrect but the drop-down of overapplied is correct.

Instruction Chart of Accounts Calculations Journal Concluding Questions Instructions At the beginning of the year, Smith Company budgeted overhead of $129,600 as well as 13,500 direct labor hours. During the year, Job K456 was completed with the following information direct materials cost, $2,750; direct labor cost, $5,355. The average wage for Smith Company employees is $17 per hour. By the end of the year, 18,100 direct labor hours had actually been worked, and Smith incurred the following actual overhead costs for the year: Equipment lease Depreciation on building $ 6,800 19,340 90,400 Indirect labor Utilities 14,560 Other overhead 41,400 Required: 1. Calculate the overhead rate for the year. 2. Calculate the total cost of Job K456, 3. Prepare the Dec. 31 journal entries to record actual overhead and to apply overhead to production for the year. 4. Is overhead overapplied or underapplied? By how much? 5. Assuming that the normal cost of goods sold for the year is $635,600, what is the adjusted cost of goods sold? Chart of Accounts Refer to the Chart of Accounts for the exact wording of account titles. CHART OF ACCOUNTS Smith Company General Ledger REVENUE ASSETS 110 Cash 120 Accounts Receivable 131 Supplies 410 Sales EXPENSES 132 Prepaid Insurance 510 Cost of Goods Sold 520 Insurance Expense 141 Raw Materials 142 Work in Process 143 Overhead Control 144 Finished Goods 170 Land 180 Building 181 Accumulated Depreciation 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 590 Miscellaneous Expense LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Pavable eBook Calculator 410 Sales Chart of Accounts 110 Cash 120 Accounts Receivable 131 Supplies 132 Prepaid Insurance 141 Raw Materials 142 Work in Process 143 Overhead Control 144 Finished Goods EXPENSES 510 Cost of Goods Sold 520 Insurance Expense 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 170 Land 590 Miscellaneous Expense 180 Building 181 Accumulated Depreciation LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable 240 Lease Payable 250 Other Payables EQUITY 310 Common Stock 320 Retained Earnings Instructions 3. Prepare the journal entries for December 31 to record actual overhead and to apply overhead to production for the year. Refer to the Chart of Accounts for the exact wording of account titles. PAGE 15 GENERAL JOURNAL DATE ACCOUNT POST. REF. DEBIT CREDIT Concluding Questions 4. Is overhead overapplied or underapplied? By how much? Overhead is overapplied by $172,500.00 5. Assuming that the normal cost of goods sold for the year is $635,600, what is the adjusted cost of goods sold? The adjusted cost of goods sold is $634,340.00