Chris Fly, owner of Falcon Aircraft Company, is preparing the accounting record for the year just ended. During the year, he had projected that the company would produce 460 Falcon Aircraft for its clients with a factory overhead cost of $244,720,000. However, business was better than expected and the company was able to produce 560 aircraft at factory overhead cost of $257,544,000. What is the amount per unit that Falcon Aircraft has over- or underapplied factory overhead?

Multiple Choice

• $72,100 overapplied.

• $72,100 underapplied.

• $144,200 overapplied.

• $144,200 underapplied.

• None of these answer choices are correct.