3 14 15 Question 38 (1 point) Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $400,000, and direct labor costs to be $2,000,000. Actual overhead costs for the year totaled $s380,000, direct labor costs totaled $1,800,000. At year-end, Factory Overhead is: 8 19 20 23 24 25 O A) Overapplied by $40,000. 28 29 30 O B) Underapplied by $20,000. OC) Neither overaplied nor underaplied. 33 34 35 D) Overapplied by $20,000. 38 39 40 E) Overapplied by $190,000