During 2022, Sandhill Company incurred the following direct labor costs: January $24,000 and February $36,000. Sandhill uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $23,400 and $42,840. Actual overhead for the 2 months, respectively, totaled $30,000 and $40,200. 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, Sandhill Company incurred the following direct labor costs: January $24,000 and February $36,000. Sandhill uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $23,400 and $42840. Actual overhead for the 2 months, respectively, totaled $30,000 and $40,200. Calculate overhead applied. January February \$ Determine if overhead is over-or underapplied for each of the two months and the respective amounts. January February