XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was $500,000 while the actual overhead cost totaled $510.000. XYZ's estimated direct labor cost for the year was $250,000 and the actual direct labor cost amounted to $265,000. For the current year, overhead was: O under-applied by $10,000 under-applied by $15,000 O under-applied by $20,000 O under-applied by $25,000 O over-applied by $10,000 O over-applied by $15,000 O over-applied by $20,000 over-applied by $25,000 none of the above are correct