For Guapo Ltd., the predetermined overhead rate is 70% of direct labor cost. During the month, $870,000 of factory labor costs are incurred of which $70,000 is indirect labor. Actual overhead incurred was $270,000. The amount of overhead debited to Work in Process Inventory should be: $511,000 $560,000 $270,000 $730,000 $800,000 Question 8 5 pts Torso Co, applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: $1,500,000 Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $1,375,000 200,000 190,000 $1.425,000 applied and $50.000 underapplied $1.375,000 applied and neither under nor overapplied $1,500,000 applied and $50,000 overapplied $1.425.000 applied and $50,000 overapplied