A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $430,632 and direct labor hours would be 47,848. Actual factory overhead costs incurred were $466,137, and actual direct labor hours were 53,951. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $19,422 underapplied b. $485,559 overapplied c. $19,422 overapplied d. $54,927 underapplied