Bonita Company applies overhead on the basis of machine hours. Given the following data, what is the overhead applied and the under$-$ or overapplication of overhead for the period?

Estimated annual overhead cost

$$3680000$

Actual annual overhead cost

$$2940000$

Estimated machine hours

$400000$

Actual machine hours

$290000$

$$2940000$ applied and neither under$-$ nor overapplied

$$2668000$ applied and $$272000$ underapplied

$$3680000$ applied and $$272000$ overapplied

$$2668000$ applied and $$272000$ overapplied