ment Help Save& Exit S Check my wo Osborn Manufacturing uses a predetermined overhead rate of $18.40 per direct labor-hour. This predetermined rate was based on a cost formula that estlmates $224,480 of total manufacturing overhead for an estimated activity level of 12,200 direct labor hours The company actually incurred $219,000 of manufacturing overhead and 11700 direct labor-hours during the period Required: 1 Determine the amount of underapplied or overapplied manufacturing overhead for the period 2. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to s gross margin? By how much? 2 The goss mergin woulkd_ 3 W ERTYU1OP command option