Question 11 9 pts Kimble Company applies overhead on the basis of machi ine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $1,600,000 $1,540,000 400,000 380,000 O $1,520,000 applied and $20,000 overapplied o $1,600,000 applied and $20,000 overapplied o $1,520,000 applied and S20.000 underapplied $1.463,000 applied and neither under- nor overapplied MacBook Air