Question: X Actual overhead must be compared to applied overhead. Determine the rate at which overhead is applied, then multiply it by the activity on which

X Actual overhead must be compared to applied overhead. Determine the

X Actual overhead must be compared to applied overhead. Determine the rate at which overhead is applied, then multiply it by the activity on which it is based to get applied overhead. Ivanhoe Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year as follows: How much is over- or underapplied overhead at year end? $8700 underapplied. $5800 underapplied. $3200 overapplied. $5500 underapplied

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