How do you calculate the total over- or underapplied total fixed manufacturing overhead for Bullseye.

Given information:

Standard Quantity Standard Price (Rate) Standard Unit Cost

Direct materials (cork board) 2.5sq. ft. $2.00per sq. ft. $ 5.00

Direct labor 1hrs. $14.00per hr. 14.00

Variable manufacturing overhead (based on direct labor hours) 1hrs. $0.50per hr. 0.50

Fixed manufacturing overhead ($40,000 160,000 units)0.25

Bullseye has the following actual results for the month of September:

Number of units produced and sold140,000

Number of square feet of corkboard used360,000

Cost of corkboard used$756,000

Number of labor hours worked148,000

Direct labor cost$1,938,800

Variable overhead cost$72,000

Fixed overhead cost$50,000