If estimated annual factory overhead is $1,072,500; overhead is applied using direct labor hours, estimated annual direct labor hours are 275,000 actum March factory overhead is $97,500; and actual March direct labor hours are 24,500; then overhead is Multiple Choice $1,550 overapplied $950 overapplied $1.550 underapplied $950 underapplied $1,950 underapplied