Milo & Webster Engine Propulsion Corp. has the following data at the end of the first quarter of the current year:

Direct Labor	$1,205,000
Direct Material	$1,526,800
Actual Fixed Overhead	$1,400,000
Actual Variable Overhead	$928,200
Applied Overhead as a % of Direct Labor cost	168%
Raw Material Inventory Balance	$83,725
Work in Process Balance	$387,540
Finished Goods Balance	$91,830
Cost of Goods Sold	$1,304,000

Milo & Webster Engine Propulsion Corp. utilizes one summary MO account in its single POR calculation (based on DL dollars). The account is comprised of fixed and variable manufacturing overhead elements.

What is the amount of under- or overapplied overhead for the MO account? Complete the GL MO account.

Prepare the necessary journal entry to dispose of under- or overapplied overhead assuming both materiality and non-materiality for the end of the first quarter as required by FASB for reporting compliance?