Chisholm Industries uses a job-order costing system and does custom work on exhaust manifolds. In November 2016, it had two jobs in its ending work-in-process inventory. The components of each job are as follows: Iob 123 Iob 234 ....$5,500 $17,800 7,400 8,400 Direct Labour.. Direct Materials In December, the company incurred in December are: worked on the two jobs and added another one. The costs Iob 123 Iob 234 Iob 345 Direct Labour$6,100 $4,300 $11,200 2,500 1,200 12,000 Direct Materials.. Chisholm applies overhead at a rate of 65% of its direct labour cost. At the end of November, the manufacturing overhead account showed a debit balance of $10,000. In December, the company incurred manufacturing costs of $12,300. Required: Calculate the manufacturing overhead account at the end of December and indicate if it is over- or under-applied