Question 9 (1 point) Manufacturing overhead was estimated to be $298,700 for the year along with an estimated 20,600 direct labor hours. Actual manufacturing overhead was $294,400, and actual direct labor hours were 19,800. Which of the following would be correct? a) Overhead is underapplied by $7,300. b) Overhead is underapplied by $16,700. c) Overhead is overapplied by $8,000. d) Overhead is overapplied by $16,700.