Check my work ook Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $290,000 and direct labor hours to be 20,000. Actual overhead and actual direct labor hours for the year were $360,000 and 26,000 hours, respectively. Required: 1. Compute over- or underapplied overhead. 2a. Which accounts will be affected by the over- or underapplied manufacturing overhead? 2b. Will the accounts be increased or decreased to adjust for the over- or underapplied manufacturing overhead? int Complete this question by entering your answers in the tabs below. rences Req 1 Req 2A Req 2B Compute over- or underapplied overhead. Note: Do not round your intermediate calculations. Manufacturing overhead overapplied Reg1 Req 2A > overapplied underapplied