Section B - Medium Answer Questions - Answer any THREE (3 x 3 marks = 9 marks) 5. For Neeraj Company, the predetermined overhead rate is 130% of direct labor cost. During the month, Neeraj incurred $1,000,000 of factory labor costs, of which $850,000 is direct labor and $150,000 is indirect labor. Actual overhead incurred was $1,150,000. Required: a) Compute the amount of manufacturing overhead applied during the month. (1 mark) b) Determine the amount of underlover applied manufacturing overhead. (1 mark) c) Pass the journal entry to record the underlover applied overheads. (1 mark)