Assignment title: Information
Luke's Hardware Company charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year:Budgeted manufacturing overhead $4,500,000 Actual manufacturing overhead $4,650,000 Budgeted machine hours 90,000 Actual machine hours 88,000Indicate the total amount over (under) applied to overhead. Please enter a positive amount for overapplied overhead and a negative amount for underapplied overhead