Required information Exercise 19-15 Factory overhead computed, applied, and adjusted LO P3, P4 [The following information applies to the questions displayed below.] In December 2012, Cardozo Company established its predetermined overhead rate for jobs produced during year 2013 by using the following cost predictions: overhead costs, $1,800,000, and direct labor costs, $600,000. At year end 2013, the company's records show that actual overhead costs for the year are $1,611,300. Actual direct labor cost had been assigned to jobs as follows. $ 410,000 Jobs completed and sold Jobs in finished goods inventory Jobs in goods in process inventory 71,000 53,000 Total actual direct labor cost $$4,000 2&3.Enter the overhead costs incurred and the amounts applied to movies during the year using the predetermined overhead rate and Determine whether overhead is overapplied or underapplied (and the amount) during the year. Actual overhead Applied overhead Underapplied overhead Factory Overhea 1,611,300 1,602,000 9,300 18,600 | Direct labor cost Estimated overheating Applied overhead Underapplied overhead Overapplied overhead