Hamilton company applies manufacturing overhead costs to product based on direct labor hours. the company estimates manufacturing overhead cots for the year to be 280000 and direct labor hours to be 20000. actual overhead and actual direct labor hours for the year were 335000 and 25000 hour respectively

required

1. compute over or underapplied overhead

2a. which accounts will be affected by the over- or underapplied manufacturing overhead ?

2b. will the accounts be increased or decreased to abjust for the over- or underapplied manufacturing overhead ?