Below is the selected information for a company for last year: Budgeted fixed overhead cost Denominator activity (machine-hours) Standard machine hours allowed per unit Actual number of units produce Underapplied fixed overhead costs $270,000 45,000 3 14,000 $15,500 Actual fixed cost for last year was: O 236,500 O 254,500 O 285,500 0 267,500