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.Overapplied by $45,000. b.Overapplied by $10,000. c. Underapplied by $35,000. d.Underapplied by $10,000. e.Overapplied by $35,000. >