Required infocmation [The fowowhig mitanenan apolles fo the questions dsplpypd bolow] Gunnell Corpoction is a manufacturer that uses jcb-oreser costing. On januky. me canpanys invintory balances aure as follown The company applies overhead cost to jobs en the basis ef direct labochours For the furrent yoac fie combary's predetermined overhead rate of $11.75 per direct isbor hou was bespd on a cost formeli that pithatod 5470.000 of tote. manufocturing ovemead for an estimated activity level of 40,000 di ect labor hourk. The folloving tratisactions weie recerded for the year: a. Raw materials were purchabed on account $592,000 b. Raw materials used in production, 5557,000 . Al of of the ras materials were used as drect matefiabs. c. The following costs were accrubd for employee serices direct laber $420,000 inchect laboc $150000 seling and. sctministrathe selaries. $295,000 d. Incurred various selling and admisistrative expenses fe g, advertaing seles trewet oosts, and fnhhed goods warehousingh $381,000. e. Incurred various manufactuing orechesd costs fe 9 - ceprecation insumbnce. and unhtepl, 5320000. f. Manufacturing overthead cost was appled to production. The conpany actualy worked 41.000 dreqt iabor hours on at jobs during the year. g. Jobs costing $1,399,450 to manufacture dccocding to theiriob cost sheets nee completed durng the yeac. h. Jobs were sold on account to cuttomers during the year for a tofar of $2,925,000. The jobs cost 51,409,450 to manutacture according to theit job cost sheets 9. is manufacturing overhead underapplied or overapplied for the year? Ay how muche