Marigold Company applies overhead on the basis of machine hours. Given the following data, what is the overhead applied and the under$-$ or overapplication of overhead for the period?

Estimated annual overhead cost $$1690000$

Actual annual overhead cost $$1595000$

Estimated machine hours $,320000$

Actual machine hours $200000$

$$1056250$ applied and $$538750$ underapplied $$1595000$ applied and neither under$-$nor overapplied $$1690000$ applied and $$538750$ overapplied $$1056250$ applied and $$538750$ overapplied