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The Stoic Bird Company forecasts that total overhead for the current year will be $18,000,000 with 600.000 total machine hours. Year to date, the actual

The Stoic Bird Company forecasts that total overhead for the current year will be $18,000,000 with 600.000 total machine hours. Year to date, the actual overhead is $17,800,000 and the actual machine hours are 610,000 hours. If the Stoic Bird Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is O $1,000,000 underapplied O $1,000,000 overapplied O $500,000 underapplied $500,000 overapplied

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