Was manufacturing over underapprice of Overapplicar by how much Multiple Choice Use the following information for the next 4 questions. Star Company's accountants estimate total overhead for each month will be 564,000. They will allocate overhead on the basis of direct labor cost. During the current month, 3 jobs were worked on: Job 745 Job 746 Job 747 Direct material $36,000 $56,000 $24,000 Direct labor $56,000 $72,000 $40,000 Job 745 was completed and sold, Job 746 was completed, and Job 747 is still in process. Budgeted direct labor cost for the month was $160,000 and actual overhead was 565,800. 1. The amount of over- or underapplied overhead for the month was $1,400 overapplied b. $1,800 underapplied $4,848 overapplied d. $8,000 underapplied 2. Assuming overhead was $2,000 underapplied and that this amount is considered material, the balance of work in process after allocation of the underapplied overhead based on overhead charged to the accounts during the period is $115,073 $80,456 $113.727 b. d. $79,544 3 Assuming overhead was $100 underapplied and that this amount is considered immaterial, the final adjusted balance of cost of goods sold is $92.100 $211,900 b. $114.500 $79,900