A manufacturing company allocates overhead using direct labor hours and has the following overhead data: Overhead costs Direct labor hours Budgeted $1,240,000 400,000 Actual $1,380,000 425,000 Was manufacturing overhead over- or underapplied and by how much? Underapplied by $62,500 Overapplied by $62,500 Overapplied by $140,000 Underapplied by $140,000 NEXT > BOOKMARK