Acheson Corporation, which apples manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations Estimated manufacturing overhead $ 157, 050 Estimated machine-hours 4.500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4.580 The estimates of the manufacturing overhead and of machine hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year The overhead for the year was Multiple Choice $2.792 indeplied $3.42 overed C 32792 Multiple Choice $2.792 underapplied $3.842 overapplied $2.792 overapplied $3.342 underapplied