Venus Company applies overhead based on direct labor hours. The variable overhead standard is 5 hours at $13.50 per hour. During October, Venus Company spent $372,700 for variable overhead. 47,640 labor hours were used to produce 5,670 units. What is the over- or underapplied variable overhead? Multiple Choice $8,065 underapplied $8,065 overapplied $1,960 overapplied $10,025 overapplied