Required:

$1.$ Raw materials used in production

$2.$ Prime cost

$3.$ Conversion cost

$4.$ Total manufacturing overhead

$5.$ Total manufacturing cost

$6.$ Cost of goods place in process

$7.$ Cost of goods manufactured

$8.$ Cost of goods available for sale

$9.$ Cost of goods sold

$10.$ Gross profit

$11.$ Operating expenses

$12.$ Selling expenses

$13.$Net operating income $($loss$)$

$14.$ Assume Trisha uses a predetermined overhead rate of $$2$ per direct labor hour and $40,000$ hours were worked on during the month of April. How much should have been the net operating income $($loss$)$ if all the manufacturing overhead costs detailed above were not yet made available and the predetermined manufacturing overhead rate was earlier established?

$15.$ Following number $14$ above, how much is the over $($under$)$ application of overhead?