Budgeted manufacturing overhead costs $ 120,000

Budgeted machine-hours 12,000

Actual manufacturing overhead costs $113,000

Actual machine-hours 11,000

The company uses normal costing. Its job-costing system has a single manufacturing overhead cost pool. Costs are allocated to jobs using a budgeted machine-hour rate. Any amount of under or over allocation is written off to Cost of Goods Sold. Calculate the under or over allocated overhead and give the journal entry to dispose of the under or over allocated overhead.