Targeting inc, a marketing company, uses direct professional labor hours to apply overhead to client projects. The estimated overhead for the year was 300,000 and estimated direct professional labor hours amounted to 15,000 hours at a cost of 450,000. The total actual overhead at the year end was 292,000: actual direct professional labor hours were 14,500 at an actual cost of 444,000. The resulting overhead was: there was neither over- nor under- applied overhead, 2000 over applied, none of these answers are correct, or 2000 under applied