Malcolm Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. The estimates for the year were: Manufacturing overhead Direct labor hours The actual results for the year were: Manufacturing overhead Direct labor hours 7 pts The cost records for the year will show $16,240 11,600 O Overapplied overhead of 55.460 o Underapplied overhead of $5,460 o Overapplied overhead of $3,500 O Underapplied overhead of $3.500 $21.700 13,000 U Quech