Sylvan Company uses activity-based costing to determine product costs for external finaleial reports. Some of the entries have been completed to the manufacturing overhead account for the current year, as shown by entry (a) below: Manufacturing Overhead (a) 2,401,000 Required: 1. What does entry (a) represent? O Actual manufacturing overhead cost incurred O Overhead applied O Machine-hours 2. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Estimated Overhead Cost $585,000 40,770 363,000 450,000 653,670 Expected Activity 39,000 DLHS 1,510 orders 402 part types 2,000 boards 80,700 MHs Activity Measure Direct labour-hours Number of orders Activity Cost Pool Labour related Purchase orders Parts management Board etching General factory Number of part types Number of boards Machine-hours 3. During the year, actual activity was recorded as follows: Actual Activity 40,000 DLHS 1,280 orders 417 part types 2,110 boards 81,700 MHs Activity Cost Pool Labour related Purchase orders Parts management Board etching General factory Determine the amount of manufacturing overhead cost applied to production for the year. (Round intermediate calculations to 1 decimal place and final answers to the nearest whole dollar amount.) Applied Overhead Activity Cost Pool Labour related Purchase orders Parts management Board etching General factory Total 4. Determine the amount of underapplied or overapplied overhead cost for the year. (Round intermediate calculations to 1 decimal place and final answers to the nearest whole dollar amount.) overhead cost References eBook & Resources