Bob's Boat Manufacturing Company (BBMC) builds custom sailboats. BBMC accumulates cost using a job order cost system and applies overhead based on direct labor hours. At the beginning of the year, the company estimated that it would incur $1,099,150 of overhead cos and use 123,500 direct labor hours during the year. BBMC started and completed two sailboats during the current month. The following materials and labor costs were incurred during the month: Direct materials: $49,600 for Boat 1 and $33,100 for Boat 2 . Direct labor: $64,600 (7,450 hours) for Boat 1 and $29,500 (3,550 hours) for Boat 2 . If actual overhead costs were $98,300, overhead would have been Note: Do not round your intermediate calculations. overapplied by $18,300. overapplied by $400. underapplied by $18,300. Landscape Designs uses a job order cost system to account for each project it accepts. Recently, the Company sold one of its completed projects to a homeowner. Among other effects, this event would cause an increase in a Work in Process Inventory account and a decrease in the Finished Goods Inventory account. a decrease in a Finished Goods Inventory account and an increase in the Cost of Goods Sold account