Exam one Review Managerial Accounting Chapters 1-3 Silvia Morales Corporation bases its predetermined overhead rate on the estimated machine-hours for the next quarter. Data for the next quarter appear below Amount Estimated Machine-Hours 15,500 12,250 235,500 Actual Hours Actual Factory Overhead Costs Estimated Variable Manufacturing overhead per unit Estimated total fixed manufacturing overhead costs 7.50 162,750 Determine the AMOH underapplied directly to Cost of Goods Sold, prepare the journal entry to close Silvia closes over or the difference between actual and applied factory overhead