Coronado Industries 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 Actual annual overhead cost Estimated machine hours Actual machine hours $1800000 $1775000 500000 490000 O $1764000 applied and $11000 underapplied $1800000 applied and $11000 overapplied O $1764000 applied and $11000 overapplied O $1775000 applied and neither under-nor overapplied

Coronado Industries 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: $1764000 applied and $11000 underapplied $1800000 applied and $11000 overapplied $1764000 applied and $11000 overapplied $1775000 applied and neither under-nor overapplied