Foster Co. uses a predetermined overhead rate based on machine hours. This predetermined rate was based on a cost formula that estimated $745,500 of total manufacturing overhead for an estimated activity level of 12,500 machine hours for the factory. The company incurred actual total manufacturing overhead costs of $695,300 and 26,150 total machine hours during the project. Show work to support your answers below. Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Is the job overapplied or underapplied? and by how much