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9. Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $198,000 based on a budgeted

9.
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $198,000 based on a budgeted volume of 44,000 machine-hours. Actual overhead amounted to $180,000 with actual machine-hours totaling 41,000. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations. overhead

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