Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations Estinated nanufacturing overhead Estinated nachine-hours Actual nanufacturing overhead Actual nachine-hours $157, 858 4,508 $156,888 4,588 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 owerhead rate for the year. The overhead for the year was: Multple Choice $3.842 overapplied $2,792 averapplied $3,842 underappiled $2792 undarappliod