Henry Inc uses normal costing and overhead is applied throughout the year based on direct labor hours. In the table below are the estimated values, at the beginning of the year, and the actual values, at the end of the year. 1. Calculate the following ( 2 point each. You must use a formula/calculation in the cell for full credit) 2. Calculate the variance between total applied overhead and actual overhead for the year. ( 2 pts. You must use a formula/calculation in the cell for full credit) 3. Does that mean that overhead costs per under or over applied? What is one factor that could have contributed to this occurring? ( 2 points)