During the first two months of 2022, Ivanhoe Company incurred the following direct labor costs: January $17,200 and February $25,800. Ivanhoe uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $16,770 and $30.702. Actual overhead for the 2 months, respectively, totaled $21,500 and $28,810. Calculate overhead applied. January $ February Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January February eTextbook and Media