Maher Company's records for May contained the following information: Direct materials purchased Direct materials used $ 16,000 $14,000 Actual direct labor cost $ 47,000 Actual direct labor hours 9,000 hours Cost of goods sold Overapplied overhead $ 100,000 $5,000 The company uses a predetermined overhead rate of $5.00 per direct labor hour to apply manufacturing overhead to jobs. The actual overhead cost incurred during the month was: QU No Ma Choose... Choose... $ 40,000 $ 50,000 $ 55,000 $ 45,000