The Milo Company's records for May contain the following information: Actual direct labour hours 9,000 hours Actual direct labour cost $47,000 Direct material purchased $16,000 Direct material used $14,000 Cost of goods sold $100,000 Overapplied overhead $5,000 The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs. What was the actual overhead cost incurred during the month