A company has decided to use Machine Hours (MHs) as the most appropriate cost driver to allocate overheads (OHDs) in their small manufacturing compary. At the beginning of the year, the company set a predetermined overheod rate (POHR) for each Machine Hour used on jobs during the period. REQUIRED: Using the information provided, caiculate whether the overhend would have been OVER or UNDER applied in this period and using this amount ENTER THE CORRECT JOURNAL ADJUSTMENT TO THE COST OF GOODS SOLD (COGS) ACCOUNT INCLUDING EITHER A DR OR CR TO INDICATE THE CORRECT ENTRY. (E.g. If YOU WISh to dEbit COGS bY $1,000 only enter 1000DR or 1000CR to Credit COGS - Do not enter dollar (5) symbols, commas or full words 'debit etc) Budgeted Annual $626,688 OHDS. Budgeted Annual Cost Driver Activity 9216MH Level Actual Activity Level 8750MH Actual OHDS $624,750