Required information Exercise 13-18 (Algo) Manufacturing overhead-over/underapplied LO 13-5, 13-6 [The following information applies to the questions displayed below.] Creative Lighting Incorporated makes specialty table lamps. Manufacturing overhead is applied to production on a direct labor hours basis. During June, the first month of the company's fiscal year, $59,540 of manufacturing overhead was applied to Work in Process Inventory using the predetermined overhead application rate of $6.84 per direct labor hour. Exercise 1318 (Algo) Part b Actual manufacturing overhead costs incurred during June totaled $47,700. Calculate the amount of overapplied or underapplied verhead for June