The following accounts are from last year's books at Sharp Manufacturing: Work In Process Raw Materials Credit Debit Credit Debit (f) 522,800 (b) Balance (a) 172,000 157,200 Balance (b) (c) 133,600 171,200 218,000 14,800 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Balance (8) 476,000 (6) 218,000 522,800 46,800 23,600(e) 27,600 159,200 (d) 7,600 Cost of Goods Sold Debit Credit () 476,000 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? 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 $7600 underapplied $7,600 overapplied $27,600 underapplied $27.600 overapplied