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 $291,000. At year-end, Factory Overhead account is:

Multiple Choice

• Overapplied by$43,000.
• Overapplied by $291,000.
• Underapplied by$43,000.
• Overapplied by $31,000.
• Neither overapplied nor underapplied.