Winston Company estimates that total factory overhead for the following year will be $860,200. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 37,400 hours. The actual total machine hours for the year were 54,500. The actual factory overhead for the year was 51,271,000. Enter the amount as a positive number. 3. Determine the total factory overhead applied. Round tn the nearest dollar. 4:] b. Compute the over or underapplied factory overhead for the year. 51:] _~ c. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank. 'l:l:i ':l:i