Problem 1. (15 Points) SES Manufacturing has finished production activities for the year. The company allocates manufacturing overhead based on direct labor costs. The company has provided the following information: otal manufacturing overhead costs estimated at the otal direct labor costs estimated at the beginning of otal direct labor hours estimated at the beginning of al manufacturing overhead costs for the year of the year $147,000 he year $350,000 15,000 direct labor hours $160,700 5362,000 12,700 direct labor hours year al direct labor costs for the year al direct labor hours for the year A) How much overhead was applied during the year? poe D4 147,000 47,000 \40,700 8) Was overhead under or over applied during the year and by how much? C) If adjustments for over/under applied overhead was to Cost of Goods sold, what would be the journal entry for the adjustment