During 2022, Oriole Company incurred the following direct bbor comts: janwacy 317,600 and February $26,400. Oriole uses a predetermined overhead rate of 120x of direct lator cont. Estimated overhead for the 2 months, Calculate overhead applied. Show vour calculations. January: Direct labot cost * predetermined owerhead rase $17,600120% $21,120 February: Diece labor cost * Predetermined querhead rate $26,400120% $31,680 Determine if overhead is over- or underapplied for each of the two months and the amounts. Make the entry to correct each month: January