Question 32 7.14 pts ABC Company used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $38,000 Actual direct labor-hours worked 18,500 The overapplied (overallocated) or underapplied (underallocated) manufacturing for the year was: O $1,000 underapplied O $3,000 overapplied O $1,000 overapplied O $3,000 underapplied