Question 22 of 60 < > Current Attempt in Progress Novak Company, a labor-intensive manufacturer, compiled the following data for the current period: Budgeted Manufacturing Overhead $656210 Budgeted Direct Labor Hours Budgeted Direct Labor Cost 200000 hours $311000 Budgeted Machine Hours 100000 machine hours Actual Manufacturing Overhead incurred $550000 Actual Direct Labor Hours used 150000 hours Actual Direct Labor Cost incurred $336000 -/2 E Assuming that Novak Company uses direct labor cost as a cost driver, determine the amount of overapplied or underapplied overhead for the current period. Underapplied by $106210 Overapplied by $58000 Overapplied by $158960 Underapplied by $58000