nts A company uses machine hours as its cost driver. The following information is provided. Budgeted manufacturing overhead Budgeted machine hours Actual manufacturing overhead incurred Actual machine hours incurred $74,390 4,300 $73,600 4,600 For the current period, was manufacturing overhead over or under applied? By what amount did this company over or under apply overhead? O Overhead is underapplied by $5,980 O Overhead is underapplied by $4,062 O Overhead is overapplied by $4,062 O Overhead is overapplied by $5,980 None of the above