Problem 3. Neptune Fabrication Plant has provided you with the following Total manufacturing overhead estimated at the eginning of the year $250,0 otal direct labor costs estimated at the beginning of he year $125 ota drect labor hours estimated at the begining of 5,000drect abor he year ctual manufacturing overhead costs for the year 240,000 Actual direct labor hours for the year ho The company bases its manufacturing overhead allocation on direct labor hours. 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 overlunder applied overhead was to Cost of Goods sold, what would be the journal entry for the adjustment