It was year-end and time for the Sage Hill Co. accountant to address its MOH costs. Throughout the year, the company incurred actual MOH costs of $242,000. Its budgeted MOH costs were very close to this, at $230,000. Using a budgeted MOH rate of $1.50 per direct labor dollar, the company applied MOH cost to production after recognizing $142,500 in direct labor cost. Determine whether MOH was under- or overapplied this year and by how much. Sage Hill Co. had its MOH cost this year by $ Record the journal entry to write off this difference directly to Cost of Goods Sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)