Given the following information, determine the amount of und…
Given the following information, determine the amount of under/overapplied overhead:(Leave your answer as a positive number without any formatting, i.e. $978,000 would be entered as 978000)ABC Corp uses a job order cost system to collect the costs of its manufacturing business. Overhead is applied based on the number of machine hours.Estimated overhead for the year: $830,000Actual overhead for the year: $810,000Estimated direct labor hours: 100,000Estimated direct labor cost: $150,000Estimated machine hours: 50,000Actual direct labor hours: 120,000Actual direct labor cost: $160,000Actual machine hours: $55,000