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Manufacturing overhead was estimated to be $351,750 for the year along with 20,100 direct labor hours. Actual manufacturing overhead was $336,000, and actual labor hours

Manufacturing overhead was estimated to be $351,750 for the year along with 20,100 direct labor hours. Actual manufacturing overhead was $336,000, and actual labor hours were 18,800. Which of the following would be correct?

Multiple Choice

Overhead is underapplied by $12,000.
Overhead is overapplied by $8,800.
Overhead is underapplied by $7,000.
Overhead is overapplied by $12,000.

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