1. Overhead application: Working backward TheTowson Manufacturing Corporation applies overhead on the basis of machinehours. The following divisional information is presented for your review:Division ADivision BActual machinehours 22,500 ? Estimated machinehours 20,000? Overheadapplication rate $4.50 $5.00 Actual overhead $110,000 ? Estimated overhead ? $90,000 Applied overhead ? $86,000 Over- (under-)applied overhead ? $6,500 Find the unknowns for each of thedivisions.