Grouper Company, a highly automated manufacturer, compiled the following data for the current period: Budgeted Manufacturing Overhead Budgeted Direct Labor Hours Budgeted Direct Labor Cost $607000 200000 hours $307000 Budgeted Machine Hours Actual Manufacturing Overhead incurred Actual Direct Labor Hours used Actual Machine Hours used 100000 machine hours $547000 117000 hours 87000 hours Assuming that Grouper Company uses machine hours as a cost driver, determine the amount of overapplied or underapplied overhead for the current period. O Underapplied by $151000 O Underapplied by $75500 O Underapplied by $18910 O Overapplied by $226500