Underapplied overhead exists when the amount of overhead applied to jobs during the period is Select one: O a. Equal to the total amount of overhead actually incurred during the period. O b. More than the total amount of overhead actually incurred during the period. O c. Less than the total amount of overhead actually incurred during the period. O d. More than the actual direct manufacturing costs incurred during the period. O e. Less than the actual direct manufacturing costs incurred during the period. Which one of the following will likely use a job-order costing system? Select one: O a. A dairy product company O b. A water bottling company O c. An aircraft manufacturing company O d. A pencil manufacturing company