Fortune Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs On October 1, the estimates for the month were: Manufacturing overhead Direct labor-hours During October, the actual results were: Manufacturing overhead Direct labor-hours $ 17,000 13.600 $18,500 12,000 The cost records for October will show: O Overapplied overhead of $1,500. O Underapplied overhead of $1,500. O Overapplied overhead of $3,500. Underapplied overhead of $3,500