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 January 1 December 31 77,000 40,000 42,000 100,000 Direct materials Work in process Pinished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs oints 66,000 115,000 324,000 950,000 260,000 The amount of underapplied or overapplied overhead is: Multiple Choice 23 $60,000 underapplied. 5 points $0. $10,000 underapplied $10,000 overapplied. overapplied