Birkch Beyond, a manufacturing company specializing in quality gemstone jewelry applies manufacturing overhead based on an allocation base of direct labor hours. They have provided the following information for the month of January: Estimated Overhead Costs $500,000 Estimated Labor Hours 200,000 DLH Actual Overhead Costs $515,000 Actual Labor Hours 210,000 DLH Given the above information, was manufacturing overhead over- or under-applied? By how much? What is the journal entry required to close manufacturing overhead to cost of goods sold at the end of the period?