Alien Company bases it overhead on Machine Hours, which are estimated to be 320,000 and the estimated FOH is $384,000. Indirect Labor.. $234,000 Direct Labor 432,000 Advertising Expense 145,000 Indirect Materials .. 125,000 Direct Materials . 252,000 Sales 375,000 Depreciation Expense - Machinery... 55,000 Machine hours..... 340,000 (a) Calculate the predetermined overhead rate and calculate the overhead applied during the year. Show Journal Entry (b) Determine the amount of over- or underapplied overhead and state whether it was under or overapplied. Prepare the journal entry to eliminate the over- or underapplied overhead