The company incurred actual total manufacturing overhead, Ask an Expert

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Using a predetermined overhead rate of 75% of direct labor cost. This predetermined rate was based on $60,000 estimated direct labor cost and $45,000 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $54,000 and $71,000 of direct labor cost during the period. What is the amount of underapplied or overapplied manufacturing overhead?

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