For Dene Company, the predetermined overhead rate is 150% of direct labour cost. During the month,..

For Dene Company, the predetermined overhead rate is 150% of direct labour cost. During the month, Dene incurred $100,000 of factory labour costs, of which $85,000 is direct labour and $15,000 is indirect labour. Actual overhead incurred was $120,000. Calculate the amount of manufacturing overhead applied during the month. Determine the amount of under- or over-applied manufacturing overhead.