Chapter 3 Quiz i Saved Help Save & Exit Submit 8 Chipata Corporation applies manufacturing overhead to jobs on the basis of machine-hours. Chipata estimated 25,000 machine-hours and $10,000 of manufacturing overhead cost for the year. During the year, Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year? Multiple Choice O $480 overapplied $820 underapplied O $1,300 overapplied O $1,300 underapplied