Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Grandscoop Design Company incurred the following actual overhead costs for the month of March: Indirect materials Indirect labor Factory depreciation Factory utilities 330,000 76,000 19,000 7,000 The company applies overhead on a predetermined rate of $1.80 per direct labor dollar and direct labor costs were $260,000 for the month. Required: A. Prepare one journal entry to record actual overhead costs for the month of March. Assume indirect labor costs and utilities will be paid in the next month. B. Prepare the journal entry to record manufacturing overhead applied to jobs during March. C. Is manufacturing overhead overapplied or underapplied? D. Using the balance in the Manufacturing Overhead account result from entries (A) and (B) above, prepare the journal entry to close Manufacturing Overhead to Cost of Goods Sold Your answers to this open-ended assignment should be placed in the space below this line. A Date Mar. 31 Account Name Debit Credit B Date Mar. 31 Account Name Debit Credit C D Date Account Name Debit Credit Mar. 31