The following accounts are from last year's books at Sharp Manufacturing: 156,400 519,600 Bal (a) Raw Materials 0 (b) 170,000 13,600 Bal (b) (c) (e) Work In Process 0 (f) 133,200 170,400 216,000 0 472,000 216,000 Bal (f) Finished Goods 0(g) 519,600 47,600 (b) (c) (d) Manufacturing Overhead 23,200 | (e) 27,200 158,400 7,200 Cost of Goods Sold (9) 472,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year? Multiple Choice $7,200 underapplied $7,200 overapplied $27,200 underapplied $27,200 overapplied