Manufacturing overhead applied on the basis of direct labor-hours was $123,600, while actual manufacturing overhead incurred was $131,200 for the month of April. Which of the following is always true given the statement above? Multiple Choice Actual direct labor-hours exceeded budgeted direct labor-hours. Actual direct labor-hours were less than budgeted direct labor- hours. Overhead was underapplied by $7,600. Overhead was overapplied by $7,600