Multiple Choice TB MC Qu. 2-69 (Algo) Manufacturing overhead was estimated to be... Manufacturing overhead was estimated to be $235,750 for the year along with 20,500 direct labor hours. Actual manufacturing overhead was $227,000, and actual labor hours were 19,300. Which of the following would be correct? O O O O Overhead is underapplied by $32,400. Overhead is underapplied by $5,050. Overhead is overepplied by $23,400. Overhead is overepplied by $32,400