The following information relates to Anderson Co. for the year 2020: Estimated Manufacturing Overhead Costs 1,500,000 Estimated Direct Labor Hours 62,000 Actual Direct Labor Hours 58,500 Estimated Machine Hours 85,200 Actual Machine Hours 75,200 Actual Manufacturing Overhead Costs 1,350,000 If direct labor hours were used as the allocation base, by how much would manufacturing overhead hav been over or under allocated for the year? Round your answer to the nearest dollar, if applicable. O 65,323 underallocated O 150,000 overallocated 65,323 overallocated 150,000 underallocated $2,500 of direct materials were purchased on account. Which of the following is part of the journal entry to record this transaction? Debit Work in Process, $2,500 O Debit Raw Materials. $2,500 Debit Manufacturing Overhead, $2,500 O Debit Finished Goods, $2.500 What happens to total variable costs when the production volume increases? O They increase They stay the same O Not enough information to determine O They decrease