Answer:
applied overhead: 576,000
Explanation:
To know the amount applied to production we first need to solve for the predetermined overhead rate:

The estimated overhead is 624,000 and will be distribute over 39,000 labor hours
$ 624,000 / 39,000 labor hours= 16 predetermined rate
Applied overhead:
actual labor hours x overhead rate:
36,000 x $16 = $576,000
Sharecroppers had to buy everything from the landowners who charged very high prices.
Answer:
Interest expense = 30,000*5%*1/12
Interest expense = 30,000*0.00416666667
Interest expense = $125.0000001
The journal entry will be:
Description Debit Credit
Interest expense $125
Notes payable $441.14
Cash $566.14