17. Precision Company developed a predetermined overhead rate last year of $3 per direct labor hour, based on an estimate of 24,000 direct labor hours to be worked during the year. Actual costs and activity during this year were: Actual manufacturing overhead cost incurred Actual direct labor hours worked $84,000 27,000 A) S3,000 under applied B) S3,000 over applied. C) S12,000 under applied D) S12,000 over applied. 18 The following costs were incurred in June: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $37,000 $28,000 $36,000 S12,000 $20,000 Period expenses during the month totaled A) S133,000 B) S68,000 C) S65,000 D) S32,000