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Sunland Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for

Sunland Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:

Estimated annual overhead cost $4000000
Actual annual overhead cost $3970000
Estimated machine hours 500000
Actual machine hours 495000

$3970000 applied and neither under- nor overapplied

$4000000 applied and $10000 overapplied

$3960000 applied and $10000 underapplied

$3960000 applied and $10000 overapplied

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