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Predetermined Overhead Rate, Overhead Variances, Journal Entries overhead for the year was $4,953,600, and the...

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Accounting

Predetermined Overhead Rate, Overhead Variances, Journal Entries overhead for the year was $4,953,600, and the practical level of activity is 387,000 machine hours.
Work-in-process inventory
Finished goods inventory
Cost of goods sold
Required:
Compute a predetermined overhead rate for Craig. Round your answer to the nearest cent.
per machine hour
Compute the overhead variance, and label it as under- or overapplied.
Assuming the overhead variance is immaterial, prepare the journal entry to dispose of the variance at the end of the year. entry, leave it blank.
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