Question Content AreaA manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $$378,832$ and direct labor hours would be $47,354.$ Actual factory overhead costs incurred were $$387,832,$ and actual direct labor hours were $50,499.$ What is the amount of over$-$ or underapplied factory overhead at the end of the year?a$.$ $$16,160$ overappliedb. $$25,160$ underappliedc. $$403,992$ overappliedd. $$16,160$ underapplied