Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. The amount of underapplied or overapplied overhead is: $10,000 underapplied. $0. $60,000 underapplied. $10,000 overapplied. $60,000 overapplied