The Winchester Company estimates that its overhead costs will amount to $516,600 and the companys manufacturing employees will work 82,000 direct labor hours during the current year. If actual overhead costs for the year amounted to $563,000 and actual labor hours amounted to 87,000, then overhead would be:

Multiple Choice

overapplied by $14,900.

underapplied by $14,900.

overapplied by $46,400.

underapplied by $46,400.