The following information is for a manufacturer that uses job-order costing and applies manufacturing overhead cost to products based on machine-hours. Before the year began the company estimated $560,000 of total manufacturing overhead costs would be incurred and 70,000 machine-hours would be used. Those estimates were used to compute the predetermined overhead rate. Actual hours and costs for the year were: Machine-hours Manufacturing overhead cost Required: 1. Determine the underapplied or overapplied overhead for the year. 61,000 514,000 5 Complete this question by entering your answers in the tabs below. Reg 1 Compute the underapplied or overapplied overhead. Rey Det