PureCut Corporation manufactures knives and estimates that direct labour$-$hours will be $50,000,$ direct machine$-$hours will be $25,000,$ and indirect manufacturing costs $($costs that will be impossible or difficult to trace to a particular job or process$)$ will total $$250,000.$ The company uses a predetermined overhead rate of $$10$ per direct machine$-$hour. The company incurred actual total manufacturing overhead costs of $$230,000$ and $22,000$ total direct machine$-$hours during the period.

Rounding all calculations to two decimal places:

a$)$ Compute the amount of manufacturing overhead applied to units of product during the period

b$)$ Compute the amount of over$-$ or underapplied overhead for the period

c$)$ Prepare the journal entry to dispose of the over$-$ or underapplied overhead