NOTE: Type your answer as a whole dollar amount with a comma but without the dollar sign (in the format 9999 or 99999 or 999999).Consider Exercise 13-9-b. How much overhead was over- or under-applied?NOTE: Type your answer as a whole dollar amount with a comma but without the dollar sign AND indicate whether it was over or under applied (in the format 9999 over or 9999 under).You should know that the overapplied or underapplied overhead for the year is normally transferred to cost of goods sold in the income statement. Since most products made during the year are sold during the same year manufacturing overhead costs are assumed to relate primarily to the products sold. However if the over- or underapplied overhead is material in dollar amount then it may be allocated between work-in-process finished goods and cost of goods sold based on the respective overhead amount included in the year-end balances. You should know about this allocation rule but you will not be asked to complete any exam or quiz problems that require you to do the allocation calculations.Information for the above questions:Hartford Inc. produces automobile bumbers. Overhead is applied on the basis of machine hours required for cutting and fabricating. A predetermined overhead application rate of $12.70 per machine hour was established for 2007. Required Information for exercise 13-9a If 9000 machine hours were expected to be used during 2007.Required Information for exercise 13-9b Actual overhead incurred during 2007 totaled $121650 and 9100 machine hours were used during 2007.