Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) During the year Job 500 was started and completed. The following information was available with respect to this job: Compute the total manufacturing cost assigned to Job 500. (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) During the year the company worked a total of 145.500 machine-hours on all jobs and incurred actual manufacturing overhead costs of S1.277.715. What is the amount of underapplied or overapplied overhead for the year? (Input the amount as a positive value. Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) If this amount were closed out entirely to Cost of Goods Sold, would the journal entry increase or decrease net operating income? Increase Decrease