Spring Hill, Inc., has estimated total factory overhead costs of $500,000 and 25,000 direct labor hours for the current fiscal year. If direct labor hours for the year total 17,500, and actual factory overhead totals $360,000, what is the amount of overapplied or underapplied overhead for the year? a. $10,000 overapplied b. $50,000 overapplied c. $10,000 underapplied d. $50,000 underapplied