Hayden allocates (applies) overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost Actual manufacturing overhead cost Fatimated machine hours Actual machine hours $300,000 $290,000 20,000 22,000 The estimates were made as of the beginning of the year, while the actual results were for the entire year. What was the amount of under or over applied overhead? O $40,000 underallocated (underapplied) $10,000 underallocated (underapplied). O More information is needed in order to answer the question O $10,000 overallocated (overapplied) $40,000 overallocated (overapplied). 9