Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $194,000 of raw materials on credit; issued materials to production of $209,000 of which $16.000 were indirect. Minstrel incurred a factory payroll of $153,000, of which $26,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $190,000 during the month, compute the amount of under- or overapplied overhead: Multiple Choice $500 underapplied $37000 overapplied. $500 overapplied s37000 underapplied Pre