Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $192,000 of raw materials on credit, issued materials to production of $211,000 of which $14,000 were indirect. Minstrel incurred a factory payroll of $155,000, of which $24,000 was indirect iabor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $192.000 during the month, compute the amount of under- or overapplied overhead Multiple Choice $37,000 overapplied. $4,500 overapplied. $37,000 underapplied. O$40.500 overapplied. $4,500 underapplied