Reade Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead Budgeted hours Standard hours allowed for the actual production Total actual manufacturing overhead Actual hours The total manufacturing overhead is underapplied or overapplied by how much? Multiple Choice $61.347 Underapplied $32,395 Underapplied $61.347 Overapplied $32.395 Overapplled