Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $480,000, and direct labor costs to be $2,400,000. Actual overhead costs for the year totaled $440,000, and actual direct labor costs totaled $2,000,000. At year end, Factory Overhead is. Multiple Choke 00 Overapplied by $220,000 O Overappiled by $80,000 Underapplied by $40,000 Neither overapolled nor underapplied. Overnoplied by $40,000