Current Attempt in Progress Sheffield Corp, applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under or overapplication of overhead for the period: cost Estimated annual overhead $4300000 Actual annual overhead cost $4270000 Estimated machine hours 200000 Actual machine hours 195000 $4192500 applied and $77500 underapplied $4270000 applied and neither under nor overapplied $4300000 applied and $77500 overapplied $4192500 applied and $77500 overapplied