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 390,000 A. $1,575,000 applied and neither under-nor overapplied B. $1,560,000 applied and $15,000 overapplied C. $1,600,000 applied and $15,000 overapplied D. 1,560,000 applied and $15,000 underapplied