A company set its predetermined overhead rate at the beginning of the year using the following...

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A company set its predetermined overhead rate at the beginning of the year using the following estimates: overhead costs, $2,243,780, and direct labor costs, $434,000. Actual costs for the year are $2,257,400 for overhead and $434,000 for direct labor. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the amount of under- or overapplied overhead for the year. Actual overhead Factory Overhead 2,257,400 Underapplied overhead $ 13,620 Applied overhead 2,271,020 A company set its predetermined overhead rate at the beginning of the year using the following estimates: overhead costs, $2,243,780, and direct labor costs, $434,000. Actual costs for the year are $2,257,400 for overhead and $434,000 for direct labor. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the amount of under- or overapplied overhead for the year. Actual overhead Factory Overhead 2,257,400 Underapplied overhead $ 13,620 Applied overhead 2,271,020