1.imition Company applies manufacturing overhead costs to products based on direct labor hours. The company titimates manufacturing overhead cost for the year to be $286,000 and direct labor hours to be 20,000 . Actual overtiead and actual direct labor hours for the year were $350,000 and 25,600 hours, respectively, Required: 1. Compute over-or underapplied overhead. 2a. Which accounts will be affected by the over- or underapplled manufacturing overhead? 2b. Wili the accounts be increased or decreased to adjust for the over-or underappiled manufacturing overheod? Compiete this question by entering your answers in the tabs below. Compute over. or underapplied overhead. hote iba not round your intermediate calculations. Hemiteri Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $286,000 and direct labor hours to be 20.000. Actual overhead and actual direct labor hours for the year were $350,000 and 25,600 hours, respectively. Pequired: 1. Compute over- or underapplied overhead 2a. Which accounts will be affected by the over- or underapplied manufacturing overhead? 2b. Will the accounts be increased or decreased to adjust for the over-or underapplled manufacturing overhead? Complete this question by entering your answers in the tabs below. Which accounts will be affected by the over- or underapplied manufacturing overhead? Nolestinlect all that apply. Hamuton Company applies manufacturing overhead costs to products based on direct labor hours. The company ettimntes manufactufing overhead cost for the year to be $286,000 and direct labor hours to be 20,000 . Actual owethead and actual direct labor hours for the yoar were 5350,000 and 25,600 hours, respectively. Required: 1. Compute over-or underapplied overhend. 2.. Which accounts will be affected by the over- of underapplied manufacturing overhead? 26. Wiil the accounts be increased or decreased to adjust for the over-or underapplied manufacturing overtiead? Complete this question by entering your answers in the tabs belew. Wili the accounts be increased or decreased to adjust for the over- or underappiled manufacturing overhead? Notn be hot round your intermediate calculations