Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $448,000. and direct labor costs to be $2,240,000. Actual overhead costs for the year totaled $416,000, and actuel direct labor costs totaled $1,920,000 At year-end, Factory Overhead is: Mutiple Choice Overapplied by $32,000 Underapplied by $32,000 Neither overapplied nor underapplied Overapplied by $200,000 O Overapped by $64.000