Please Answer Questions Below

Chen Service applied overhead on the basis of direct labor costs during the current year. Overhead applied was $157,800 while actual overhead incurred was $149,850. 8 If this difference is considered as NOT material, iournalize an entry to remove the difference. POST REF. CREDIT DEBIT DATE DESCRIPTION If, instead, the actual overhead incurred was $23,000 and the difference would be considered material, explain how the difference should be taken care of. 9. Selected information for Singh Corporation's budget: Estimated factory overhead $272,000 Estimated direct labor hours 35,097 hours 63,256 hours $70,649 Actual factory overhead incurred during the year Estimated machine hours Estimated direct labor cost $268,900 Overhead rate basis: Pre-determined overhead rate Direct Labor hours Direct Labor cost ono to nouubo0 o blo inu onTds Machine hours If actual machine hours were 62,985, what is the amount of over- or under-applied overhead? Make sure to indicate if it is over- or under-applied