Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 46,000 actual direct labor-hours and Incurred $880,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 44,000 direct labor-hours during the year and incur $836,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O overapplied by $38,000 O underapplied by $6,000 O underapplied by $38,000 O overapplied by $6,00o