Underapplied manufacturing overhead occurs when: A actual overhead exceeds applied overhead. B applied overhead exceeds actual overhead. C applied overhead exceeds estimated overhead. D) actual overhead exceeds estimated overhead. Question 14 1 Point Which of the following is the correct formula to compute the predetermined overhead rate? A Estimated total manufacturing overhead costs divided by actual total units in the allocation base. ( Estimated total units in the allocation base divided by estimated total manufacturing overhead costs. Actual total manufacturing overhead costs divided by estimated total units in the allocation base. D Estimated total manufacturing overhead costs divided by estimated total units in the allocation base