The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Finished Goods Debit Credit Debit Credit Debit Credit Balance (a) 0 (b) 173,000 15,400 157,600 Balance 0(f) (b) 133,800 524,400 Balance (f) (c) (e) 171,600 219,000 0 (g) 524,400 46,400 478,000 Manufacturing Overhead Cost of Goods Sold Debit Credit Debit Credit (b) (c) 23,800 (e) 27,800 219,000 (g) 478,000 (d) 159,600 7,800 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 $27,800 overapplied $27,800 underapplied $7,800 overapplied $7,800 underapplied