Pratt & Whitney Engine Propulsion Corp. has the following data at the end of the first quarter of the current year: Direct Labor $1,205,600 Direct Material $1,526,000 Actual Fixed Overhead $1,400,600 Actual Variable Overhead $926,200 Applied Overhead -as a % of Direct Labor cost 170% Raw Material Inventory Balance $83,725 Work in Process Balance $387,540 Finished Goods Balance $91,830 Cost of Goods Sold $1,304,930 Pratt & Whitney 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? Actual Fired'Overhead Actal Variale Overdead' Actual Overhead'. Total Asalico' Dyerhead Direct Labor $ POR General Ledger Alanatacarise perdead Totals Balance Underlever applied overhead E Ammaterial amount Demi an Creole ME Materiallamente DM Create Current Balance MO Allocation 985