126)Oriole Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:

Estimated annual overhead cost	$3200000
Actual annual overhead cost	$3170000
Estimated machine hours	400000
Actual machine hours	395000

$3160000 applied and $10000 overapplied

$3170000 applied and neither under- nor overapplied

$3200000 applied and $10000 overapplied

$3160000 applied and $10000 underapplied