Nermiainang LA Multiple Choice Question 125 Marigold Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead appled and the under- or overapplication of overhead for the period: Estimated annual overhead cost $1600000 Actual annual overhead cost $1575000 Estimated machine hours 200000 Actual machine hours 190000 $1520000 applied and $55000 underapplied $1575000 applied and neither under-nor overapplied $1600000 applied and $55000 overapplied $1520000 applied and $55000 overapplied