The following information was taken from the cost records of the Krameer Company: Estimated overhead Actual overhead Estimated direct labor hours Actual direct labor hours $180.000 $178,000 24,000 25.000 If overhead is applied based on direct labor hours, the company's over applied or under applied overhead was $9.500 over applied $2.000 over applied. $9.500 under applied $2,000 under applied Ouestion 3 14