18. The following information relates to the Moonie Park Manufacturing Company for the year 2012. Plant capacity 480 000 machine hours Normal level of production 432 000 machine hours Budgeted level of production 360 000 machine hours Budgeted manufacturing overhead $ 2 160 000 Actual manufacturing overhead for the month of $ 175 000 Actual machine hours used for February 2012 35 000 What would be the amount of underapplied or overapplied overhead at the end of the month if overhead rates were calculated based on practical capacity, normal capacity and budgeted capacity respectively.

A. $17 500 under; neither under or over; $35 000 over

B. $17 500 under; $35 000 over; neither under or over

C. Neither under or over; $17 500 under; $35 000 over

D. Neither under or over; $35 000 over; $17 500 under