Help Save&Exit Sub You recelved partial credit in the previous attempt View pevlous attempt Problem 3-12 Predetermined Overhead Rate; Disposing of Underapplied or Overapplied Overhead LO3-4) Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year Machine-hours Hanafaoturing overhend cost Inventorles at year-ends 61,000 1,324,000 16,O00 $ 189,000 338,400 naterials Hork in process (ineludea overhead applied of $115,900) Coat of goods sold tiseludes overhead applied of 834,480 1,353,600 Required: 1. Compute the underapplied or overapplied overhead. Prev 9 of 10 Next> 2 3 4