1) determine the amount of underapplied or overapplied manufacturing overhead for the period.

2) overhead on the company's gross margin for the period

Damas Corp. uses a predetermined overhead rate of $30.00 per direct lobounthout. This predotermined rate was based on 12,000 estimoted direct labounhours and $360,000 of estimsted total manufacturing overhead. Required: 1. Determine the amount of underapplied or averapplied manufacturing overthead for the period. 2. Assumng thit the entre ampunt of the undereppled or overeppled overnead is closed out to cost of goods sold. what would be the effect of the underapplied or overappled overhesd on the company's gross margin for the pened