The Brandy Company has estimated that its annual MOH costs will be $600,000. Its estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000 and machine hours 30,000. The actual manufacturing overhead cost for the year was $601,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Brandy applies overhead based on direct labor hours. Instructions Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. Show the journal entry required to zero out MOH