During $2022,$ Wildhorse Company incurred the following direct labor costs: January $$24,400$ and

February $$36,600.$ Wildhorse uses a predetermined overhead rate of $120\%$ of direct labor cost.

Estimated overhead for the $2$ months, respectively, totaled $$23,790$ and $$43,554.$ Actual overhead

for the $2$ months, respectively, totaled $$30,500$ and $$40,870.$

Calculate overhead applied.

January $

February $

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

amounts.

January $

February $