During 2019, Sheffield Corp. expected Job no. 59 to cost $300000 of overhead, $580000 of materials, and $200000 in labor. Sheffield applied overhead based on direct labor cost. Actual production required an overhead cost of $225000, $650000 in materials used, and $300000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

During 2019, Sheffield Corp. expected Job no. 59 to cost $300000 of overhead, $580000 of materials, and $200000 in labor. Sheffield applied overhead based on direct labor cost. Actual production required an overhead cost of $225000, $650000 in materials used, and $300000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead? $225000 overapplied $75000 underapplied O $75000 overapplied O $225000 underapplied