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During $2022,$ Pharoah Company incurred the following direct labor costs: January $$22,400$ and February $$33,600.$ Pharoah uses a predetermined overhead rate of $120\%$ of direct labor cost. Estimated overhead for the $2$ months, respectively, totaled $$21,840$ and $$39,984.$ Actual overhead for the $2$ months, respectively, totaled $$28,000$ and $$37,520.$

Calculate overhead applied.

January i

February $

Determine if overhead is over$-$or underapplied for each of the two months and the respective amounts.

January $

February $

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