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Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, and actual labor hours

Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, and actual labor hours were 21,000. Which of the following would be correct?

A. Overhead is underapplied by $15,000

B. Overhead is underapplied by $5,000

C. Overhead is overapplied by $5,000

D. Overhead is overapplied by $15,000

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