Connect html Secure https/ Saved Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $191,000 of raw materials on credit Issued materials to production of $212,000 of which $13,000 were indirect. Minstrel incurred a factory payroll of $156,000, paid in cash, of which $23,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $194.000 during the month, compute the amount of under- or overapplied overhead Multiple Choice 538,000 underapplied. $5,500 underapplied $38,000 overapplied $5,500 overopplied. $40,000 overapplied