mework Saved The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 36e May 31 Inventories Raw materials 0rk in process Finished goods $52,50e 12,100 72,500 $71,eee 25,100 54,60e Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 229,0e0 383,eee Indirect materials Indirect labor Other overhead costs 34,e0e 99,eee 139,0e0 1,59e,eee Sales (received in cash) Predetermined overhead rate based on direct labor cost 78% Determine whether there is over or underapplied overhead Factory Overheacd Actual overhead Applied overhead Direct labor cost Estimated overhead