Question: please help me with this problem Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow: Estimated consulting overhead

Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow: Estimated consulting overhead cost for the year $303,750 Estimated direct labor cost for the year (@ $9/hr.) 405,000 Actual manufacturing overhead cost for May 19,500 Actual direct labor cost for May (2,400 hours) 16,500 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. 0 % b. Prepare a journal entry that applies consulting overhead for May. General Journal Description Debit Credit 0 c. By what amount is consulting overhead over- or underapplied in May? Consulting overhead was by $ 0 in May Check General Journal Description Debit Credit 0 0 0 0 Consulting overhead Cost of goods sold Finished goods inventory Work in process inventory Consulting Overneau was Iting overhead over- or un by $ Check
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