The Cavy Company estimates that the factory overhead for the following year will be $1,267,200. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 38,400 hours. The machine hours for the month of April for all of the jobs were 5,200. Prepare the journal entry to apply factory overhead. The Cavy Company estimates that the factory overhead for the following year will be $1,874,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 26,400 hours. The machine hours for the month of April for all of the jobs were 4,200. If the actual factory overhead totaled $303,866, determine the over or underapplied amount for the month. Enter the amount as a positive number