Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost driver to apply overhead costs. The following amounts were budgeted for the year: 
The following were the actual results: 
Calculate the total amount of underapplied or overapplied manufacturing overhead.
Definitions:
Market Maker
An entity that buys and sells large quantities of a particular asset to facilitate liquidity and efficiency in financial markets.
Transactions
are the actions or processes of buying, selling, or exchanging goods, services, or financial assets between two or more parties.
Market Maker
An individual or firm that continuously buys and sells securities in a financial market to ensure liquidity and stability of prices.
Bid
An offer made by an individual or company to buy a good, service, or asset at a specified price.
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