At the beginning of the year, Anchor Products has assets of $210,000 and equity of $158,000. During the year, assets increase by $92,000 and liabilities increase by $68,000. What is the equity at the end of the year?

At the beginning of the year, Vertex Technologies, Inc. determined that estimated overhead costs would be $540,000, while actual overhead costs for the year totaled $562,000. Furthermore, it was determined that the estimated allocation basis would be 60,000 machine hours, while production actually required 63,500 machine hours. What was the dollar amount of underallocated or overallocated manufacturing overhead?

I need guidance with this general accounting problem using the right accounting principles.