Using the information provided I am too prepare a journal entry that applies to the consulting overhead for January. I know I need to debit work in process inventory and credit consulting overhead but for what amount?

Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Estimated consulting overhead cost for the year $324,000 Estimated direct labor cost for the year (@ $9/hr.) 144,000 Actual manufacturing overhead cost for January 19,200 Actual direct labor cost for January (1,200 hours) 13,200 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. 225 % b. Prepare a journal entry that applies consulting overhead for January. General Journal Description Debit Credit Work in process inventory x OV Consulting overhead OV 20 * c. By what amount is consulting overhead over- or underapplied in January? Consulting overhead was over-applied by $ 1 x in January. Check