39. (6 points) Flamingo Corp. uses a predetermined rate based on machine hours to apply overhead. Actual and Budget information for Flamingo is as follows: Units produced Machine hours Variable overhead costs Fixed overhead costs Budget 0008 Actual 000022,000 0000 20,000 28.000 000 30.000 $341,600 $360,000 $ 245,200000 $210,000 Calculate Flamingo's over/under-applied overhead for the period. Clearly indicate if overhead is under or over applied.