The following accounts are from last year's books at Sharp Manufacturing: 526,000 Bal (a) Raw Materials 0 (b) 174,000 16,000 158,000 Bal (b) (c) (e) Work In Process 0 (f) 134,000 172,000 220,000 0 1 Manufacturing Overhead 24,000(e) 28,000 160,000 Bal 480,000 220,000 _() Finished Goods 0(g) 526,000 46,000 (b) (c) (d) 8,000 (9) Cost of Goods Sold 480,000 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 O $8,000 underapplied