During $2022,$ Sheridan Company incurred the following direct labor costs: January $$18,400$ and February $$27,600.$ Sheridan uses a predetermined overhead rate of $120\%$ of direct labor cost. Estimated overhead for the $2$ months, respectively, totaled $$17,940$ and $$32,844.$ Actual overhead for the $2$ months, respectively, totaled $$23,000$ and $$30,820.$

Calculate overhead applied.

January

February

Determine if overhead is over$-$ or underapplied for each of the two months and the respective amounts.

January

February