Venus Company applies overhead based on direct labor hours. The variable overhead standard is 8 hours at $4.50 per hour. During October, Venus Company spent $159,600 for variable overhead. 47,460 labor hours were used to produce 4,610 units. What is the over-or underapplied variable overhead? Multiple Choice 0 $4,400 underapplied O $1,960 overapplied $6,360 overapplied O $4,400 overappled