Please answer the following while keeping the following in mind, answer A will be a percentage and for answer B, the debit is to the account Work in Process Inventory and the credit is to Consulting Overhead. Enter the amount you calculate for applied ovehead as the debit and credit amount.

Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc, follow Estimated consulting overhead cost for the year Estimated direct labor cost for the year(@ $9/hr.) Actual manufacturing overhead cost for May Actual direct labor cost for May (2,400 hours) $405,000 324,000 22,000 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate b. Prepare a journal entry that applies consulting overhead for May General Journal Description Credit C. By what amount is consulting overhead over- or underapplied in May? Consulting overhead was by $ in May