This is an income statement a company prepared when 8,600 units were sold. Total Sales $ 233,060 Variable expenses 150,500 Contribution margin Fixed expenses 82,560 55,200 Net operating income $ 27,360 Required: Redo the contribution format income statement if the sales volume is 7,600 units. Contribution Income Statement Total Before the year began, a company that applies manufacturing overhead cost to products based on machine-hours estimated they would incur a total of $1,040,000 of total manufacturing overhead costs and that 80,000 machine-hours would be used. Those estimates were used to compute the predetermined overhead rate. Actual hours and costs for the year were: Machine-hours 71,000 Manufacturing overhead cost 990,000 Required: 1. Determine the underapplied or overapplied overhead for the year. $ Complete this question by entering your answers in the tabs below. Reg 1 Compute the underapplied or overapplied overhead. Re