ABC applies manufacturing overhead to products on the basis of direct labour hours. Estimated manufacturing overhead for the period was $1,000,000 and estimated direct labour hours was 200,000 hours. Actual manufaqturing overhead was $1,400,000 and actual direct labour hours were 240,000 hours. The manufacturing overhead was Select one: underapplied by $200,000 none of these neither underapplied nor overapplied overapplied by $200,000