Armout, Incorporated, an advertising agency, applies overhead to jobs on the basis of direct professional labor hours, Overhead was estimated to be. $150,000, direct professional labot hours were estimated to be 15,000 , and direct professional labor cost was projected to be $225,000. During the year, Armour incurred actual overheod costs of $146,000, actual direct professionat labor hours of 14,500 , and actual direct labor cost of $222,000. By yearend, the firm's overhead was: Mutiple choice $1,000 underapplied. $1,000 overapplied. $4,000 underapplied. $4,000 overapplied \$5, 000 underapplied