A Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs.

Last year, the Corporation worked 47,000 actual direct labor hours and incurred $810,000 of actual manufacturing overhead cost.

The Corporation had estimated that it would work 45,000 direct labor hours during the year and incur $765,000 of manufacturing overhead cost.

What was the Corporation's overapplied or underapplied manufacturing overhead cost for the year?

A. Overapplied by $34,000

B. Overapplied by $11,000

C. Underapplied by $11,000

D. Underapplied by $34,000