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Sinclair Company manufactures a line of lightweight running shoes. CEO Andrew Sinclair estimated that the company would Incur $3, 672, 840 in manufacturing overhead during

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Sinclair Company manufactures a line of lightweight running shoes. CEO Andrew Sinclair estimated that the company would Incur $3, 672, 840 in manufacturing overhead during the coming year. Sinclair Company uses direct labor hours as its manufacturing overhead application base, predetermined overhead rate Is $17.57/DLH and when it uses machine hours as its manufacturing overhead application base, predetermined overhead rate Is $7.23/MH. Additionally, he estimated the company would operate a? a level requiring 209, 040 direct labor hours and 508,000 machine hours. At the end of the year, Sinclair Company had worked 206,000 direct labor hours, used 354,000 machine hours, and incurred $2, 533,000 in manufacturing overhead. If Sinclair Company used direct labor hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Using direct labor hours as the application base, was manufacturing overhead under- or over applied for the year? By how much? If Sinclair Company used machine hours as Its manufacturing overhead application base, how much overhead was applied to jobs during the year? Using machine hours as the application base, was manufacturing overhead under- or over applied for the year? By how much

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