View Policies Current Attempt in Progress During 2022, Waterway Manufacturing expected Job No. 59 to incur $340000 of overhead cost, $490000 of direct materials cost, a $100000 in direct labor cost. Waterway applied overhead based on direct labor cost. Actual production required overhead cost of $290000, $550000 in direct materials used, and $220000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? $50000 overapplied $458000 underapplied $50000 underapplied $458000 overapplied Save for Later Attempts: 0 of 1 used Submit Answe