Sylvan Company uses activity-based costing to determine product costs for external financial 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 2,407,000 (a) Required: 1. What does entry (a) represent? Overhead applied Machine-hours Actual manufacturing overhead cost incurred 2. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Labour related Purchase orders Parts management Board etching General factory Activity Measure Direct labour-hours Number of orders Number of part types Number of boards Machine-hours Estimated Overhead Cost $546,000 45,600 361,000 451,000 622,520 Expected Activity 42,000 DLHS 1,520 orders 400 part types 2,000 boards 78, 800 MHS Compute the activity rate (i.e., predetermined overhead rate) for each of the activity cost pools. (Round your final answers to 1 decimal place.) Actual Activity Activity Cost Pool Labour related per direct labour-hours Purchase orders per order per part type Parts management Board etching General factory per board per machine-hours 3. During the year, actual activity was recorded as follows: Activity Cost Pool Labour related Purchase orders Parts management Board etching General factory Actual Activity 39,900 DLHS 1,300 orders 422 part types 2,190 boards 81,400 MHS 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.) Activity Cost Pool Applied Overhead 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