Assuming that Manufacturing Overhead has a debit balance of $3,672, determine whether overhead has been under/over applied and make the adjusting entry. (List all debit entries before credit entries. Credit account fitles are outomatically indented when amount is entered. Do not indent manually.) Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job 157 and Job K52 involve 15 acres of landscaped terrain which will require special-order sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,172; on December 8 for $1,077; and on December 14 for $3,525. In each instance, two-thirds (2/3) of these materials were for 157 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.50 per hour. The time tickets were dated December 3, December 9 , and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 357 and the rest for K52. The predetermined overhead rate is based on machine hours. The estimated machine hour use for the year is 2,152 hours, and the estimated overhead costs are $873,712 for the year. The machines were used by workers on projects K52 and 157 on December 3,9. and 15. Six machine hours were used for project KS2. (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first ay and 3 each of the other days), Both of these special orders were completed on December 15 , producing 245 sprinkler heads for J57 and 147 sprinkler heads for K52. Additionaljob order activities during this period included: Dec: 1 Purchased raw materials from Durbin Supply Company on account for $54,264. Dec. 2 Issued $40,800 of direct materials from the company's inventory to jobs other than K 52 and 157 and $3,060 of indirect materials. Decin 12 Paid Waterways factory salaries and wages for $66,300 Dec 13 Paid the factory's water bill of $9,180. Dec. 18 Transferred $51,000 of costs from ather completed jobs to finished goods. Dec. 21 Paid the factory's electricbillof $12240 tor Waterways factory. Dec. 31 Made adjusting entries for the factory that included accrued property taxes of $12,240, prepvid insurance of $8,976