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Estimated manufacturing overhead was $112,500 and estimated direct labor costs for the year were $125,000....

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Accounting

Estimated manufacturing overhead was $112,500 and estimated direct labor costs for the year were $125,000. During the year, actual manufacturing overhead was $107,400 and actual direct labor cost was $120,000. How much was the over- or underapplied manufacturing overhead for the year, assuming manufacturing overhead is applied based upon direct labor cost incurred?
$600 overapplied.
$600 underapplied.
$0.
$25,933 overapplied.
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