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Question 8 FLAG QUESTION During November, Ironwood Manufacturing used 10,500 direct labor hours and paid direct labor wages of $166,000. The company incurred manufacturing overhead of $368,540 during this same time period. For the entire year, Ironwood estimated total manufacturing overhead would be $4,410,000, direct labor hours would be 126,000, and total direct labor wages would be $1,992,000. Company managers determined that manufacturing overhead would be applied based on direct labor hours. For the month of November, manufacturing overhead was Answers A-D A $1,040 overapplied. B $5,415 underapplied. C $1,040 underapplied. D $5,415 overapplied. O