Cyprus Company charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of labor hours. The following data pertain to the current year Budgeted manufacturing overhead: $2,000,000 Actual manufacturing overhead: $1,910,000 Budgeted labour hours: 50,000 Actual labour hours: 48,000 Which of the following choices is the correct status of manufacturing overhead at year-end? Select one a.Underapplied by $10,000. b.underapplied by $35,000 Overapplied by $45,000. d.Overapplied by $35,000. Over applied by $10,000