Avery Company has provided data concerning the companys manufacturing overhead account for the month of October. Prior to closing the overapplied or underapplied balance to COGS, applied overhead was $51,000 and total manufacturing overhead was $63,000. Based on this information, which of the following statements is true?

Question 8 options:

	Manufacturing overhead for the month was underapplied by $12,000.
	Manufacturing overhead for the month was overapplied by $12,000.
	Manufacturing overhead applied to WIP during the month was $63,000.
	Actual manufacturing overhead incurred during the month was $51,000.