The following accounts are from last year's books at Sharp Manufacturing: Bal (a) Raw Materials (b) 171,000 14,200 521,200 Bal (F) 474,000 156,800 Bal (6) (c) (e) Work In Process (f) 133,400 179,800 217,000 9 Finished Goods (8) 521,200 47,200 217,000 (b) (c) (d) Manufacturing Overhead 23,400 (e) 27,400 158,800 7,400 (e) Cost of Goods Sold 474,000 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 $7.400 underapplied O $7.400 overapplied $27,400 underapplied $27,400 overapplied