Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 55,000 actual direct labor-hours and incurred $520,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 52,000 direct labor- hours during the year and incur $468,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: Multiple Choice underapplied by $27.000 underapplied by $25,000 overapplied by $27,000 overapplied by $25,000