Problem 2: The following calendar year information about Eagle Fabrication Plant is available for December 31, 2017: Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year $135,000 6,000 direct labor hours $171,120 $142,600 5,000 direct labor hours Required: Eagle determines its manufacturing overhead allocation on the basis of 125% of direct labor costs. Address the following questions related to Eagle Fabrication Plant. (Show your computations) A)How much overhead was applied during the year? B)Was overhead under or over applied during the year and by how much? C) If adjustments for over/under applied overhead is required, journalize the entry below