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PureCut Corporation manufactures knives and estimates that direct labour - hours will be 5 0 , 0 0 0 , direct machine - hours will

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
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