Shaw Inc. uses a pre-determined overhead rate of $22.00 per hour. The pre-determined overhead rate was based on 10,000 estimated direct labour hours and $275,000 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $235,000 and 10,500 total direct labour-hours during the period. Determine the amount of underapplied or overapplied manufacturing overhead for the period. Question 32 options: Underapplied by $15,000 Underapplied by $4,000 Overapplied by $15,000 Overapplied by $4,000