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please help with checking especially overapplied or underapplied. thank you!

This company applies manufacturing overhead on the basis of machine-hours. Below is information for the most recently completed year of operations. Solar Products Manufacturing, Inc. $ Estimated total manufacturing overhead cost Estimated total number of machine-hours to be worked 250,000 50,000 $ Actual total manufacturing overhead cost Actual total machine-hours worked 264,800 52,000 a manufacturin $5.00 per machine-hour 5 Solar Products Manufacturing, Inc. 6 Manufacturing Overhead Report 7 For the year ended Dec. 31, 2021 18 9 Computation of Predetermined Overhead Rate (POHR): 20 Predetermined overhead rate: Correct! --> 21 22 23 Computation of Underapplied or Overapplied Manufacturing Overhead: Actual total manufacturing overhead cost: 26 Total manufacturing overhead applied to Work in Process 27 during the year: 29 Amount of underapplied (or overapplied) manufacturing overhead 30 31 32 Was overhead underapplied or overapplied? 33 $ 264,800 25 $ 260,000 $ 4,800 Correct! Underapplied 34 35 Assume the company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. What journal entry should be made to close the Manufacturing Overhead account? TYPE IN ACCOUNT TITLES. Note: "Correct" indicator only applies to the AMOUNT, not the accounts. See Chapter 3 PowerPoint slide 44. 36 37 4,800 Cost of Goods Sold anufacturing Overhead

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