For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020, Kiqui incurred $54,650 of factory labour costs, of which $48,910 was direct labour and $5,740 was indirect labour. Actual overhead incurred in June 2020 was $72,900.

Calculate the amount of manufacturing overhead applied during the month.

Manufacturing overhead applied

$

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Determine the amount of under- or over-applied manufacturing overhead.

Manufacturing overhead

$

Over-appliedUnder-applied

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Prepare the adjusting entry for the under- or over-applied overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit