During May Company had following expenditures:

indirect material used: $25,000

indirect labor: $12,000

factory utilities: $5,000

delivery vehicle insurance: $1,200

factory rent: $3,000

store rent: $18,000

Company allocate overhead based on labor hours. Predetermined MOH rate calculated as $24.50 per hour. Actual labor hours happened during May is 2,000 hours. Calculate actual and allocated overhead and adjust overhead at the end of May.