Current Attempt in Progress Sunland Company applies overhead on the basis of machine hours. Given the fqilowing data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost $2700000 Actual annual overhead cost $2670000 Estimated machine hours 200000 Actual machine hours 195000 O $2700000 applied and $37500 overapplied $2670000 applied and neither under nor overapplied $2632500 applied and $37500 overapplied $2632500 applied and $37500 underapplied Current Attempt in Progress Sunland Company applies overhead on the basis of machine hours. Given the fqilowing data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost $2700000 Actual annual overhead cost $2670000 Estimated machine hours 200000 Actual machine hours 195000 O $2700000 applied and $37500 overapplied $2670000 applied and neither under nor overapplied $2632500 applied and $37500 overapplied $2632500 applied and $37500 underapplied