The following accounts are from last year's books at Sharp Manufacturing Ray Materials York In Ba l 157,400 Bal 523,600 133.700 171,400 218.500 172.500 15.100 Finished Goods Marufactur ing Overhead 218.500 23.700 (e) 27.700 159.400 Bal 477,000 (b) 46,600 7.700 Cost of Goods Sold 477.000 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 $7700 underapplied