Erkens company uses a 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 $1,953,000 of factory overhead costs and use 63,000 machine hours. erkens company recorded the following events during the month of april: purchased 188,000 pounds of materials on account; the cost was $5.40 per pound. issued 124,000 pounds of materials to production, of which 17,000 pounds were used as indirect materials. incurred direct labor costs of $260,000 and $44,000 of indirect labor costs. recorded depreciation on equipment for the month, $76,500. recorded expired insurance costs for the manufacturing property, $3,900. paid $8,900 cash for utilities and other miscellaneous items for the manufacturing plant. completed job h11 costing $7,900 and job g28 costing $79,000 during the month and transferred them to the finished goods inventory account. shipped job g28 to the customer during the month. the job was invoiced at 30% above cost. used 8,500 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 april. 3-a. compute the amount of overapplied or underapplied overhead. 3-b. prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on april 30.