16 Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 49.000 actual direct labor-hours and incurred $658000 of actual manufacturing overhead cost The Corporation had estimated that it would work 47000 direct labor-hours during the year and incur $611,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O overapplied by $26,000 O underapplied by $26.000 O underapplied by $21000 O overapplied by $21,000