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Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $267,840, budgeted machine-hours were 18,600. Actual factory overhead was

Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $267,840, budgeted machine-hours were 18,600. Actual factory overhead was $288,420, actual machine-hours were 19,150. How much is the over- or underapplied overhead?

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$20,034 underapplied.
$12,660 underapplied.
$7,374 overapplied.
$0.

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