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Selected information from the Iowa Instruments accounting records for April follows: Materials Inventory Debit Credit BB ( 4 / 1 ) 2 8 , 4

Selected information from the Iowa Instruments accounting records for April follows:
Materials Inventory
Debit Credit
BB (4/1)28,400
212,400177,400
Work-in-Process Inventory
Debit Credit
Labor 100,200
EB (4/30)94,400
Finished Goods Inventory
Debit Credit
BB (4/1)90,400
294,600275,400
Cost of Goods Sold
Debit Credit
6,900
Manufacturing Overhead Control
Debit Credit
80,900
80,900
Applied Manufacturing Overhead
Debit Credit
93,520
86,620
6,900
Additional information for April follows:
The labor wage rate was $30 per hour.
During the month, sales revenue was $321,700, and selling and administrative costs were $90,000.
This company has no indirect materials or supplies.
The company applies manufacturing overhead on the basis of direct labor-hours.
Customer returns are discarded and not resold.
Required:
What was the over- or underapplied manufacturing overhead for April? it is not 6900
What was the operating profit (or loss) for April? Any over- or underapplied overhead is written off to Cost of Goods Sold. not -36800

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