The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs Estimated Direct Labor hours $254,074 76,992 If actual overhead costs for the year amounted to $263,500 and actual direct labor worked amounted to 79,000 hours, then overhead would be Multiple Choice O overapplied by $2,800. underapplied by $2,800. overapplied by $2,812. underapplied by $2,812.