7 Snappy Company has a job-order cost system. Snappy Company uses a predetermined overhead rate based on the direct labour-hours to apply the manufacturing overhead to jobs. The manufacturing overhead cost and the direct labour-hours were estimated at 100,000 and 40,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of 5,000 in the direct materials and 2,400 in the direct labour. The labour rate is 6 per hour. By the end of the year, Snappy had worked a total of 45,000 direct labour-hours and had incurred 110,250 actual manufacturing overhead cost. Snappy's manufacturing overhead for the year was: 10,250 underapplied 12,500 overapplied. 12,500 underapplied 2,250 overapplied 8 During the month of March, Nale Co. used 300,000 of direct materials. On March 31, Nale's direct materials inventory was 50,000 more than it was at March 1. The direct material purchases during the month of March amounted to