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Jackson Inc. listed the following data for 2016: Budgeted factory overhead $1,271,000 Budgeted direct labor hours 82,000 Budgeted machine hours 41,000 Actual factory overhead 1,201,000

Jackson Inc. listed the following data for 2016:

Budgeted factory overhead $1,271,000
Budgeted direct labor hours 82,000
Budgeted machine hours 41,000
Actual factory overhead 1,201,000
Actual direct labor hours 86,300
Actual machine hours 39,400
Round calculations to 2 significant digits

If overhead is applied based on machine hours, the overapplied/underapplied overhead is:

$20,400 underapplied.

$20,400 overapplied.

$48,374 underapplied.

$48,374 overapplied.

$-0-.

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