The Chicago Clippers (CC), a firm which manufactures knives and scissors, uses a predetermined overhead rate, based on direct labor hours,to apply manufacturing overhead to jobs. Last year, CC incurred, or spent, $350,000 in actual manufacturing overhead cost. The manufacturing overhead control account showed that overhead was underapplied by $30,000 for the entire year. If the predetermined overhead rate was $16,000 per direct labor hour, how many direct labor hours did the company actually work during the year? 20,000 DL hours 23,750 DL hours 21,000 DL hours 21,875 DL hours (wrong)