Compute the Balance in the Manufacturing Overhead account after all Applied Allocations; Direct Materials=$100,000, Direct Labor=$200,000 In-Direct Materials=$40,000, In-Direct Labor=$60,000, Factory Rent=$80,000, Factory Utilities=$20,000 Marketing Costs =$50,000. The MOH Application Rate is 90% of Direct Labor Costs;

answer choices

$70,000, Over-Applied

$70,000, Under Applied

$20,000, Under-Applied

None of These Choices are True

$20,000, Over-Applied