Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month: 
The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-Over- or underapplied overhead for September was
Definitions:
Time Ticket
A document or electronic record used to track the amount of time an employee spends on various tasks, often for billing or payroll purposes.
Direct Labor
The wages and associated costs for workers directly involved in the production of goods or delivery of services.
Factory Overhead
Factory overhead encompasses all the indirect costs associated with manufacturing, excluding direct materials and direct labor expenses.
Overhead Application Rate
A method for assigning indirect costs to produced goods based on a formula, often related to the level of production activity.
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