Waterway Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2021, the company estimated its manufacturing overhead would be $1,960,000 and that employees would work a total of 98,000 direct labor hours. During March, the company worked on the following five jobs. Direct Labor Hours added during March Job 134 150 Beginning Balance $118,500 121,550 22,000 34,200 158 Direct Materials added during March $4,000 2,500 86,500 71,800 19,030 $183,830 Direct Labor added during March $8,200 12,120 36,600 31,800 21,890 $110,610 212 287 301 310 3,470 2,770 1,490 Total $296,250 8,190 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Waterway Company incurred $167,000 manufacturing overhead in the month of March. Given that expenditure for overhead, was manufacturing overhead under-or overapplied in March? By how much? Waterway Company incurred $167,000 manufacturing overhead in the month of March. Given that expenditure for overhead, was manufacturing overhead under-or overapplied in March? By how much? Overhead by $ e Textbook and Media Assume that Waterway Company closes under-or overapplied overhead to the Cost of Goods Sold account. Calculate the Cost of Goods Sold amount after that adjustment. Adjusted Cost of Goods Sold $ e Textbook and Media Assume that Waterway Company prorates under-or overapplied overhead to the appropriate accounts. Calculate the allocated amounts and adjust the account balances as needed. (Round percentage of total and final answers to 2 decimal places, e.g. 5,235.75.) Adjusted Balance Allocation $ $ Work In Process $ Finished Goods $ Cost of Goods Sold $ $ e Textbook and Media Job 212 was for 1,000 microscopes. What was the unit cost for the microscopes produced in this job? (Round answer to 2 decimal places, e.g. 3.55.) Unit Cost $ Job 212 was for 1,000 microscopes. What was the unit cost for the microscopes produced in this job? (Round answer to 2 decimal places, e.g. 3.55.) Unit Cost $ Is this the actual cost of producing this job? This the actual cost of producing this job. e Textbook and Media