Question 11 Walker Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year as follow Actual manufacturing overhead $163,800 Estimated manufacturing overhead $18,600 Direct labor incurred 2,500 hours $22 - $55,000 Direct labor estimated 2,600 hours $21 - $54,600 How much is over or underapplied overhead at year end? 56,100 underapplied $5,200 overapplied. 511,300 underapplied. 57,262 underapplied