2. Excap Corporation's predetermined overhead rate is calculated based on direct labour hours. At the beginning of the year, the total number of direct labor hours was estimated to be 14,400 hours and the total estimate of manufacturing overhead was $360,000. As of the end of the year, actual direct labour hours worked for the year were 15,200 hours, and the actual manufacturing overhead for the year was $372,000. What would be the over or under-allocated overhead for this business?

3. Twister Ltd uses process costing system. The company started 7,000 units during the month of March. 450 units were in the beginning work in process inventory and 300 units in the ending work in process inventory. What will be the units completed and transferred out during March?