The Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300 hours. The actual factory overhead for the year was $1,375,000. a. Determine the total factory overhead amount applied. b. Calculate the over or underapplied amount for the year. underapplied Feedback Check My Work Partially correct Prepare the journal entry to close factory overhead into Cost of Goods Sold. Cost of Goods Sold Factory Overhead c