Question 7 6 pts Tailgate Company's data is provided below: $600,000 Estimated annual manufacturing overhead costs Estimated annual operating activity bases: Actual manufacturing overhead cost for the year Actual direct labor cost for the year Actual direct labor hours Actual machine hours Direct labor cost $460,000 Direct labor hours 30.000 Machine hours 80.000 $795.000 456.000 39.800 79.000 Tailgate Company applied overhead based on direct labor hours. Instructions Compute the following and determine if overhead is over- or under-applied and by how much. Predetermined overhead rate = $ Select per (Select Applied overhead amount = $ [Select] > Overhead was (Select] by $ Select]