QS 15-11 Entry for over- or underapplied overhead LO P4 A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and direct labor cost is $600,000 Determine whether there is over- or underapplied overhead using the Taccount below. Answer is not complete. Factory Overhead 950.000 900.000 Overhond applied Actual overhead 50,000 Underapplied Overhead