Manufacturing overhead was estimated to be $418,000 for the year along with 19,000 direct labor hours. Actual manufacturing overhead was $440,000, and actual labor hours were 20,800. Which of the following would be correct? Multiple Choice Overhead is underapplied by $22,000. Overhead is underapplied by $17,600. Overhead is overapplied by $22,000. Overhead is overapplied by $17,600. Manufacturing overhead was estimated to be $406,000 for the year along with 20,300 direct labor hours. Actual manufacturing overhead was $423,400, and actual labor hours were 21,500. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? Multiple Choice Cost of Goods Sold would be debited for $17,400. Cost of Goods Sold would be debited for $6,500. Cost of Goods Sold would be credited for $17.400 Cost of Goods Sold would be credited for $6,600