I will give a thumbs up for the correct answer

Concord Company applies overhead on the basis of machine hours. Given the following data, what is the overhead applied and the under-or overapplication of overhead for the period? Estimated annual overhead cost $1800000 Actual annual overhead cost $1635000 Estimated machine hours 320000 Actual machine hours 100000 O $562500 applied and $1072500 overapplied O $562500 applied and $1072500 underapplied O $1800000 applied and $1072500 overapplied O $1635000 applied and neither under-nor overapplied