Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $520,000, and direct labor costs to be $260,000. Actual overhead costs for the year totaled $539,000, and actual direct labor costs totaled $292,000. At year-end, Factory Overhead account is: Multiple Choice Neither overapplied nor underapplied. Overapplied by $32,000 Underapplied by $45,000 Overapplied by $45,000 Overapplied by $292,000