Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $432,000, and direct labor costs to be $2,160,000. Actual overhead costs for the year totaled $404,000, and actual direct labor costs totaled $1,880,000. At year- end, Factory Overhead is: Multiple Choice Overapplied by S202,000 O Overapplied by $28,000. Overapplied by $56.000 Neither overapplied nor underapplied, Underapplied by $28,000