2. (6 points) Gonzalez, Inc. manufactures stereo speakers in two factories; one in Vandalia, Illinois and another in Merced, California. The Vandalia factory uses direct labor hours (DLHs) for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate. Information related to both plants for last vear is presented below: Vandalia factoryModesto factory Estimated manufacturing overhead... $4,025,000 $35 per DLH $4,100,000 S2,580,000 150,000 MHs (d) 145,000 MHs S2,600,000 Actual manufacturing overhead.... $4,200,000(e) Under or overapplied overhead (indicate the dollar amount and whether it is Required Fill in the lettered blanks above. SHOW YOUR CALCULATIONS BELOW (For partial credit)