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The OHApp-988 Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 60,000 actual

The OHApp-988 Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 60,000 actual direct labor-hours and incurred $512,000 of actual manufacturing overhead cost. The company had estimated that it would work 61,600 direct labor-hours during the year and incur $437,360 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.)

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  • underapplied by $86,000

  • underapplied by $74,640

  • overapplied by $74,640

  • overapplied by $86,000

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