During 2022, Pharoah Company incurred the following direct labor costs: January $18,000 and February $27,000. Pharoah uses a predetermined overhead rate of 120% of direct labor cost Estimated overhead for the 2 months, respectively, totaled $17,550 and 532.130.Actual overhead for the 2 months, respectively, totaled $22.500 and $30,150 Calculate overhead applied January $ February 5 Determine if overhead is over or underapplied for each of the two months and the respective amounts January February