Exercise 13-18 (Algo) Manufacturing overhead-over/underapplied LO 13-5, 13-6 [The following information applies to the questions displayed below.] Creative Lighting Incorporated makes specialty table lamps. Manufacturing overhead is applied to production on a direct labor hours basis. During June, the first month of the company's fiscal year, $58,110 of manufacturing overhead was applied to Work in Process Inventony using the predetermined overhead application rate of $5.85 per direct labor hour. xercise 13-18 (Algo) Part d Is the overappiled or underapplied overhead for the year normally transferred to cost of goods sold in the income statement? Yes or No