The amount of under(over)applied overhead is

The following were taken from the records of Pinoy Manufacturing Company for the year ended December 31, 2020: Material cost Direct labor costs Direct labor hours Machine set ups Entries Total P 6,196,800 Jobs completed & sold P5,570,400 10,005,600 9,091,200 820,000 742,000 3,900 304,000 3,740 272,000 The company had been using different overhead rates to reflect the activities with which overhead costs are associated. Below is the budgeted information regarding cost pools and activities together with the actual overhead costs by pool: Amount of Labor hours Machine set ups Record keeping entries activity 800,000 4,000 300,000 Budgeted OH costs Actual OH costs P3,840,000 P3,888,000 1,440,000 1,420,800 360,000 355,200