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During 2019, Marigold Corp. expected Job no. 59 to cost $200000 of overhead, $420000 of materials, and $100000 in labor. Marigold applied overhead based on

During 2019, Marigold Corp. expected Job no. 59 to cost $200000 of overhead, $420000 of materials, and $100000 in labor. Marigold applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $490000 in materials used, and $140000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

$5000 overapplied

$5000 underapplied

$85000 overapplied

$85000 underapplied

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