Rabbits Galore Inc calculates predetermined overhead rates for each department In the feeding department, the company uses the number of rabbit pens as the cost driver, and had the following data Description Total overhead costs last year Total rabbit pens maintained last year Total expected overhead costs this year Total rabbit pens maintained-expected this year Costs/Pens $19,240 498 pens 21,630 515 pens Required: Assuming 530 pens were maintained this year and the actual total overhead is $21,500. Compute and indicate the under or over applied overhead for the current year? O $760 Overapplied O $800 Underapplied O $800 Overapplied O $760 Underapplied