Kimble Company applles overhead on the basis of machine hours. Given the following data, compute overhead applied ma the under-or overapplication of overhead for the period: $2,400,000 Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $2,362,500 600,000 585,000 $2,362,500 applied and $37,500 underapplied $2,340,000 applied and $22,500 underapplied $2,400,000 applied and $37.500 overapplied $2,340,000 applied and $22,500 overapplied