2 Osborn Manufacturing uses a predetermined overhead rate of $18.60 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $230,640 of total manufacturing overhead for an estimated activity level of 12,400 direct labor-hours The company actually incurred $225,000 of manufacturing overhead and 11.900 direct labor-hours during the period Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the perlod. Book onys underappledreads t Cost of Goods Sold Would the journal enty to lied overhead increase or decrease the company's gross margin? By how much? dispose of the underapplied or overappl Print by 1 Manufacturing overhead The gross margin would by