Question 30 7 pts Malcolm Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. $16,240 11,600 The estimates for the year were: Manufacturing overhead Direct labor hours The actual results for the year were: Manufacturing overhead Direct labor hours $21,700 13,000 The cost records for the year will show Overapplied overhead of $5,460. O Underapplied overhead of $5,460 O Overapplied overhead of $3,500. O Underapplied overhead of $3,500