Given the following data for a manufacturing company: total estimated cost for overhead for the year $200,000, total estimated costs for direct labor $100,000, total direct labor costs is used as a base of applied overhead rate. Actual direct labor costs for march is $14,000.

1. Find applied overhead for march and find over(under) applied overhead.
2. Describe the accounting treatment if over(under) applied overhead is a. immaterial b. material.