Janson Incorporated produces pickup truck bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricating. A predetermined overhead application rate of $$11\mathrm{.}00$ per machine hour was established for $2022.$

Required:

If $9,300$ machine hours were expected to be used during $2022,$ how much overhead was expected to be incurred?

Actual overhead incurred during $2022$ totaled $$123,025,$ and $10,000$ machine hours were used during $2022.$ Calculate the amount of overapplied or underapplied overhead for $2022.$

Note: Input the amount as positive value.

Whether the overapplied or underapplied overhead for the year is normally transferred to cost of goods sold in the income statement?