1. Boxed, Inc. is a cargo containers manufacturer. At the beginning of the year, the company expected to produce 1,050 containers with estimated annual overhead costs to be $848,640 and direct labor costs of $3,120,000 based on an average rate of $15.00 per hour. The company uses direct labor hours as a basis to apply factory overhead. During the year, the company actually produced and completed 1,300 boxes. The company used $510,000 worth of steel and a total of 210,000 direct labor hours at an average rate of $16.00 per hour. a. Given the information above, calculate the product cost, per container, based on your pre- determined OH application method. (3pts) At the end of the year, the company actually incurred the following overhead expenses: Supervisor's Salaries of $400,000, Employee Taxes on Production Workers of $150,000, Factory Maintenance Expense of $125,000, Sales Commissions of $65 per container sold, Factory Depreciation Expense of $140,000, Dividends Paid of $5,500, Production Facility Utilities of $100,000 and Advertising Expense of $275,000 Now, b. determine the total value of factory overhead over allocation or under allocation, if any, at the end of the year prior to resolving the manufacturing overhead account. (2pts)