Kimble Company applies overhead on the basis of machine hours. Given the

following data, compute overhead applied and the under$-$ or overapplication

of overhead for the period:

Estimated annual overhead cost

$$1,600,000$

Actual annual overhead cost

$$1,575,000$

Estimated machine hours

$400,000$

Actual machine hours

$$1,575,000$ applied and neither under$-$nor overapplied

$$1,560,000$ applied and $$15,000$ underapplied

$$1,600,000$ applied and $$15,000$ overapplied

$$1,560,000$ applied and $$15,000$ overapplied