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 $10.00 per machine hour was established for 2022. Required: a. If 9.500 machine hours were expected to be used during 2022 , how much overhead was expected to be incurred? b. Actual overhead incurred during 2022 totaled $121,325, and 9.200 machine hours were used during 2022. Calculate the amount of overapplied or underapplied overhead for 2022 Note: Input the amount as positive value. c. Whether the overapplied or underapplied overhead for the year is normally transferred to cost of goods sold in the income statement