Bramble Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead $1700000 cost Actual annual overhead $1675000 cost Estimated machine hours 400000 Actual machine hours 290000 O $1700000 applied and $442500 overapplied $1232500 applied and $442500 overapplied $1675000 applied and neither under-nor overapplied $1232500 applied and $442500 underapplied