Question: EXERCISE 4-4 Determine Underapplied or Overapplied Overhead. Kirkaid Company recorded the following transactions for the just completed month:

1. $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials.
2. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor.
3. Additional actual manufacturing overhead costs of $197,000 were incurred.
4. A total of $218,000 in manufacturing overhead was applied to jobs. Required: Determine the underapplied or overapplied overhead for the month.

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