Help Save & Exit Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $194,000 of raw materials on credit, issued materials to production of $209,000 of which $16,000 were Indirect, Minstrel incurred a factory payroll of $153,000, of which $26,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $190,000 during the month, compute the amount of under-or overapplied overhead: Multiple Choice $37000 overapplied $37000 overopplied CE Multiple Choice O $37,000 overapplied. O $37,000 overapplied. $500 underapplied. O $500 overapplied