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In managing the operations of Ivanhoe foods. Helen was trying to determine the total cost of producing its world-famous chicken noodle soup. She understood MOH

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In managing the operations of Ivanhoe foods. Helen was trying to determine the total cost of producing its world-famous chicken noodle soup. She understood MOH costs were a large portion of the company's costs, as they were budgeted at $575,000 this year. At. year-end, Ivanhoe Foods' applied MOH (under normal costing) totaled $505,000, despite incurring $552,500 in actual MOH cost this year. Had Ivanhoe Foods under-or overapplied its MOH cost this year? By how much? Ivanhoe Foods had its MOH cost this year by $

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