Hudson, Inc. has estimated total factory overhead costs of $400,000 and 20,000 direct labor hours for the current fiscal year. If direct labor hours for the year totals 18,000 and actual factory overhead totals $350,000, what is the amount of overapplied or underapplied overhead for the year? a. $10,000 underapplied b. $10,000 overapplied c. $50,000 underapplied d. $50,000 overapplied