Chapter 16, Problem 16.7DMP

Please provide correct solution and accounting question

Question 10 of 12 View Policies - / 12.5 III ⠀ Current Attempt in Progress During 2025, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January February $ Determine if overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $ Save for Later Attempts: 0 of 1 used Submit Answer

Can you help me solve this general accounting problem using the correct accounting process?