The Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year were $1,375,000. Determine the over or underapplied amount for the year. Oa. 5118.350 overapplied Ob. 517.500 aveapplied O 517.500 underapplied Od 11.250 underapplied