4 point(s) . . . 3. Estimated manufacturing overhead cost at the beginning of the year: $100,000 Estimated direct labor hours at the beginning of the year: 10,000 Actual manufacturing overhead cost incurred during the year: $118,000 Actual direct labor hours worked during the year: 11,000 Based on the above information, the cost record of the company will show: 1. Underapplied or Overapplied? Write 1 if under, write 2 if over 2. What is the amount? Underapplied or Overapplied? Write 1 if under, write 2 if over 2. What is the amount of the over/underapplied in USD