The May 1" balances for the following accounts are: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $ 9,500 $ 9,400 (Job 1006 $3.200; Job 1007 ($6,200 a. Purchased materials on account, $31,000 b. Issued materials to production as follows: Job 1006-$2,000 Job 1007-$5,000 Job 1008 $2,000 Job 1009-$3.000 Job 1010 $4,000 Job 1011-S3,000 900o Issued indirect materials to production, $75 d. The company processed payroll and incurred the following costs: The direct labor rate is $10.00 per hour. o.oox4O 1400 Direct labor hours (DLH incurred are as follows: dob 1006| 1 4ODI IL Job 100 56DLIt Job 1008-305 DL.H; Job 1009-75 DLH; 750 125Job 1010 DLIH Job 1011-310 DI 31 00 -Indirectfactory.labor,S40.3 c. Selling department salary, S11,500 d. e. Selling department commissions, $6, 900; Administrative personnel salary, $12,500. e. Incurred various actual costs on account: Depreciation on factory equipment, $10,500; 2 Depreciation on equipment used by administrative personnel, $1,500; 3 Factory utilities, $5,000; . Corporate headquarters utilities, S950, Property Taxes on factory equipment, $4,950 6. Property taxes on corporate headquarters, $2,000; 7:Maintenanece. 1.10 for corporate headquarters and $7,900 for plant. - O f. The compan y uses normal costing. It allocates manufacturing overhead costs using budgeted rate per direct labor hour. Budgeted manufacturing overhead costs for the period were $540,000 and budgeted direct labor- hours were 12,000 DLHs. Calculate the predetermined overhead rate and journalize the applied