The amount of under/over applied Manufacturing Overhead is closest to: A. 4,000 over applied B. 7,000 over applied C. 7,000 under applied D. 93,000 over applied E. 93,000 under applied

Direct Labour Costs Direct Labour Hours Overhead Costs Budget $360,000 25,000 $600,000 Actual $420,000 26,500 $693,000 Work in Progress Finished Goods Materials Beginning $ 14,000 $ 31,000 $ 10,000 Ending $ 20,000 $ 35,000 $ 0 Overhead is allocated on Direct Labour costs. Materials Purchased during the year were $208,000. All materials are Direct Materials