Predetermined overhead rate based on the estimated machine$-$hours

Estimates made at the beginning of the year:

Estimated machine$-$hours $45,000$

Estimated variable manufacturing overhead $ $8\mathrm{.}00$ per machine$-$hour

Estimated total fixed manufacturing overhead $ $1,170,000$

Actual machine$-$hours for the year $43,000$

Actual overhead was $$1,524,750.$

A$.$ Applied Overhead was:

B$.$ Was overhead over or under applied?

C$.$ By how much was overhead under or over applied?

D$.$ Will the adjustment to cost of goods sold result in an increase or decrease in net income? Why?

E$.$ Will the adjustment to work$-$in$-$process and the finished goods inventory accounts result in an increase or decrease to the cost of the inventory? Why?