Tiffany charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of labor hours. The following data pertain to the current year: Budgeted manufacturing overhead: $1 00,000 Actual manufacturing overhead: $1 10,000 Budgeted labor hours: 60,000 Actual labor hours: 61,500 Which of the following choices denotes the correct status of manufacturing overhead at yearend? . Overappljed by $10,000. Underapplied by $10,000. Overappljed by $35,000. . Under-applied by $35,000. Over-applied by $45, 000. moose