$(10$ points $-5$ for correct amount and $5$ for whether overhead was over or under applied$)$

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor$-$

hours to apply factory overhead to jobs. Last year, the Corporation worked $56,750$ actual direct

labor$-$hours and incurred $$382,000$ of actual factory overhead cost. The Corporation had

estimated that it would work $60,300$ direct labor$-$hours during the year and incur $$349,740$ of

factory overhead cost.