Prostheses Industries operates a factory. The manufacturing operations are machine intensive. The company applies factory overhead to jobs on the basis of machine hours. Estimated factory overhead costs and machine hours are: Estimated factory overhead cost for fiscal year beginning August 1 $375,000 Estimated machine hours for year 22,400 Actual factory overhead costs for August $28,700 Actual machine hours for August 1,800

find Factory overhead rate is $Blank 1

Factory overhead applied to production for August $Blank 2

Was factory overhead overapplied or underapplied - Blank 3 Blank 1