Wayne Enterprises uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs. At the beginning of the year the Corporation estimated its total manufacturing overhead cost at $350,000 and its direct labor costs at $200,000. The actual overhead cost incurred during the year was $362.000 and the actual direct labor costs incurred on jobs during the year was $208.000. The manufacturing overhead for the year would be: $12,000 overapplied. $2.000 overapplied. $12,000 underapplied. $2,000 underapplied. 7.1 Question 14 Bill's Candy Shop reported the following results for 2019: Sales $433,000 $173,000 Cost of goods sold (all variable) Total variable selling expense $18,000 Total fixed selling expense $9,900 Total variable administrative expense $10,000 Total fixed administrative expense $25,600 The contribution margin for 2019 is: $232,000 $369,500 $260,000 $196,500