2. Joly Corporation uses a professional overhead rate of $18 per direct labor hour. This predetermined rate was based on 15,000 estimated direct labour hour and $270,000 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead cost of $230,000 and 12,500 total direct labour hours during the period. a. Determine the amount of manufacturing overhead applied to units of product during the period as well as the amount of over or under-applied overhead for the period. b. Prepare the journal entry to dispose of over or under applied overhead.