Exercise 4-18 Coronado Company manufactures a line of lightweight running shoes. CEO Mark Coronado estimated that the company would incur $3,278,160 in manufacturing overhead during the coming year. When Coronado Company uses direct labor hours as its manufacturing overhead application base, predetermined overhead rate is $16.07/DLH and when it uses machine hours as its manufacturing overhead application base, predetermined overhead rate is $6.28/MH. Additionally, he estimated the company would operate at a level requiring 203,993 direct labor hours and 522,000 machine hours. At the end of the year, Coronado Company had worked 209,000 direct labor hours, used 351,000 machine hours, and incurred $2,518,000 in manufacturing overhead. If Coronado Company used direct labor hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Overhead applied Using direct labor hours as the application base, was manufacturing overhead under- or overapplied for the year? By how much? by S If Coronado Company used machine hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? overhead applied LINK TO TERT Using machine hours as the application base, was manufacturing overhead under-or overapplied for the year? By how much? by S