A company expected its annual overhead costs to be $750000 and machine hours to equal 100000 hours. Actual overhead was $740000, and actual machine hours totalled 95000 hours. How much overhead was over or underapplied? O $27500 underapplied O $37500 underapplied O $39000 over-applied O $9550 underapplied Concord Inc. uses job-order costing for its brand new line of homework machines. The cost incurred for production during 2020 totalled $7200 of materials, $2800 of direct labour costs, and $1000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totalled $5400, and the ending balance is $2800. During the year, the company completed 20 machines. How much is the cost per machine? O $550 O $680 O $820 O Not enough information is given