A company has a predetermined overhead rate of $25 per direct labor hour, based on estimated manufacturing overhead of $1,500,000 and estimated direct labor hours of 60,000, actual manufacturing overhead of $1,400,000, and actual direct labor hours of 55,000. The amount of manufacturing overhead over-applied or under-applied is: $0 $25,000 over-applied $150,000 over-applied 0 $25,000 under-applied $150,000 under-applied 2 points All non-manufacturing costs for a firm are: fixed costs only. are period costs. traceable to specific products. direct costs