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Lex's Manufacturing Company applies manufacturing overhead at the rate of 132% of direct labor cost. During April 2017, Lex incurred $95,000 of direct labor costs

Lex's Manufacturing Company applies manufacturing overhead at the rate of 132% of direct labor cost. During April 2017, Lex incurred $95,000 of direct labor costs and $122,000 of manufacturing overhead costs. What is the amount of over or underapplied manufacturing overhead for April 2017? $125,400 $3,400 underapplied $3,400 overapplied $4,000 overapplied

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