Concord Corporation 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 cost $2300000 Actual annual overhead cost $2270000 Estimated machine hours Actual machine hours 100000 95000 $2270000 applied and neither under-nor overapplied $2300000 applied and $85000 overapplied $2185000 applied and $85000 overapplied $2185000 applied and $85000 underapplied