Overapplied manufacturing overhead exists when overhead assigned to work in process is a. less than overhead incurred and there is a debit balance in Manufacturing Overhead at the end of period. b. less than overhead incurred and there is a credit balance in Manufacturing Overhead at the end of a period. c. more than overhead incurred and there is a credit balance in Manufacturing Overhead at the end of a period. d. more than overhead incurred and there is a debit balance in Manufacturing Overhead at the end of a period. The Manufacturing Overhead account shows debits of $36,000, $20,000, and $28,000 and one credit for $86,000. Based on this information, manufacturing overhead a. has been overapplied. b. has been underapplied. c. has not been applied. d. shows a zero balance. For KnightRider Company, the predetermined overhead rate is 150% of direct labor cost. During the month. KnightRider incurred $107, 600 of factory labor costs, of which $88, 200 is direct labor and $19, 400 is indirect labor. Actual overhead incurred was $124, 554. Compute the amount of manufacturing overhead applied during the month. a. $132, 300 b. $121,000 c. $193,000 d. $123,000 Determine the amount of under- or overapplied manufacturing overhead. a. $7, 746 under-applied b. $7, 746 over-applied c. $8, 743 over-applied d. $8, 743 under-applied