Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000, and actual labor hours were 21,000. Which of the following would be correct? Overhead is underapplied by $5,000 o Overhead is underapplied by $15,000. Overhead is overapplied by $5,000. o Overhead is overapplied by $15,000 CUESLUIT 3 pts Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000 and actual labor hours were 21,000. The predetermined overhead rate per direct labor hour would be: O $10.24 $10.75 O $1.05. O $10.00 Question 3 3 pts Which of the following types of reports is more characteristic of managerial accounting than financial accounting? A report prepared periodically (monthly, quarterly, annually) An external report used by investors A report prepared according to GAAP An internal report used by management Next