Calculate the over- and under-applied overheads using overhead rates calculated on a units and a machine-hours basis

Question 1 (10) Information J Meyers has the following budgeted figures for the year ended 30 June 2021 194 400 Units produced Machine-hours 7 920 Direct labor-hours 13 440 R138 000 Manufacturing overheads Direct materials R62 880 Direct wages R45 696 The actual levels of activity during the same period were as follows: 204 710 Units produced Machine-hours 8 550 R147 017 Manufacturing overheads Required: Calculate the over-or under-applied overheads using overhead rates calculated on a units' and a machine-hours' basis