Actual Fixed Overhead	1,400,000
Actual Variable Overhead	928,200
Actual Overhead - Total	2,328,200		Direct Labor $
Applied Overhead	2,024,400		1,205,000
General Ledger
Manufacturing Overhead	Debit	Credit
Actual Fixed Overhead	1,400,000
Actual Variable Overhead	928,200
Applied Overhead		2,024,400
Work in Process
Totals	2,328,200	2,024,400
Balance	303,800
Under/over applied overhead
J/E Immaterial amount:	Debit	Credit
Cost of Goods Sold
Manufacturing Overhead
J/E Material amount:	Debit	Credit
Work in Process
Finished Goods
Cost of Goods Sold
Manufacturing Overhead
	Current Balance	Alloc %	MO Allocation
			-
			-
			-
			-

Milo & Webster Engine Propulsion Corp. has the following data at the end of the first quarter of the current year: Direct Labor Direct Material $1,205,000 $1,526,800 $1,400,000 Actual Fixed Overhead Actual Variable Overhead $928,200 Applied Overhead - as a % of Direct Labor cost 168% $83,725 Raw Material Inventory Balance dy $387,540 Work in Process Balance $91,830 Finished Goods Balance $1,304,000 Cost of Goods Sold les -ithin Milo & Webster Engine Propulsion Corp. utilizes one summary MO account in its single POR calculation (based on DL dollars). The account is comprised of fixed and variable manufacturing overhead elements. What is the amount of under- or gerapplied overhead for the MO account? Complete the GL MO account. Prepare the necessary journal entry to dispose of under-orgveranplied overhead assuming both materiality and non- materiality for the end of the first quarter as required by FASB for reporting compliance? int of robotic