ABC Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $1,044,000 69,600 24,000 1,037,400 72,600 23,600 If overhead is applied based on direct labor hours, the overapplied/underapplied overhead is: Multiple Choice $51,600 underapplied $51,600 underapplied. $o $15,300 overapplied $15,300 underapplied. $51,600 overapplied