During 2022, Cullumber Company incurred the following direct labor costs: January $16,800 and February $25,200. Cullumber uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $16,380 and $29,988. Actual overhead for the 2 months, respectively, totaled $21,000 and $28,140

Calculate overhead applied.

January

February

$

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

January

$

February

During 2022, Cullumber Company incurred the following direct labor costs: January $16,800 and February $25,200. Cullumber uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $16,380 and $29,988. Actual overhead for the 2 months, respectively, totaled $21,000 and $28,140. Calculate overhead applied. January February Determine if overhead is over-or underapplied for each of the two months and the respective amounts January February