Please explain, show work, and be as clear as possible!

Happy Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Happy allocates manufacturing overhead costs using direct material dollars (cost). Happy provides the following information: Direct Materials Cost Direct Mfng Labor Cost Mfng Overhead Cost Direct Mfng Labor Hours Budget for 20X1 $3,000,000 $1,500,000 $3,000,000 40,000 Actual Results for 20X1 $3,200,000 $1,650,000 $3,450,000 50,000 1) How much overhead is allocated to jobs during 20X1? 215 Is overhead under- or over-allocated, and by how much? 3 over- Where could Happy Inc. make its adjustment for overhead being under-or applied