Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $620,000, and direct labor costs to be $310,000. Actual overhead costs for the year totaled $634,000, and actual direct labor costs totaled $347,000. At year-end, Factory Overhead account is: Multiple Choice Overapplied by $60,000. Underapplied by $60,000. Overapplied by $37,000. Overapplied by $347,000. Neither overapplied nor underapplied