Winston Company estimates that the factory overhead for the following year will be $$653,400.$ The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be $36,300$ hours. The total machine hours for the year were $55,000.$ The actual factory overhead for the year was $$984,000.$

Required:

a$.$ Determine the total factory overhead amount applied.

b$.$ Compute the overapplied or underapplied amount for the year. Enter the amount as a positive value.

c$.$ Prepare the journal entry to close Factory Overhead into Cost of Goods Sold. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.