Compute overapplied or underapplied overhead and prepare joirnal entries to transfer them

Company applied overhead to production using a predetermined overhead rate based on machine-hours, Budgeted data for current year are: Machine-hours Direct labor-hours Direct labor cost Manufacturing overhead cost 215,000 120,000 $1,700,000 $950,000 4.42 Assume the actual hours and cost data were 994186 Machine-hours Direct labor-hours Direct labor cost Manufacturing overhead cost 225,000 110,000 $1,650,000 $820,000 $174,186