uuring the period. ufing the period. Corporation uses direct labor-hours in calculating its overhead rate. At the beginning of the year, the estimated direct labor-hours were 20,000 hours and the total estimated manufacturing overhead war 5400,000. At the end of the year, actual direct labor-hours for the year were 21,000 hours and the actual manufacturing overhead for the year was $350,000. Overhead at the end of the year was: A) $70,000 underapplied B) $70,000 overapplied C) $20,000 underapplied D) $20,000 overapplied 19.The following information relates to Spock Manufacturing Company: Total estimated manufacturing overhead at beginning of year. $620,000 Total manufacturing overhead applied to production during $625,000 the year Total manufacturing overhead incurred during the year a $18,000 Manufacturing Overhead to Cost of Goods Sold at the end of the year. In the journal entry to close out this balance, the company would: A) debit cost of goods sold for $2,000 B) credit cost of goods sold for $7,000 C) credit cost of goods sold for $2,000 D) debit cost of goods sold for $7,000 The company closes out the balance of Underapplied/Overapplied