Question 32 0.5 points Save Answer Kimble Company 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: Estimated annual overhead cost $1,600,000 Actual annual overhead cost $1,540,000 Estimated machine hours 400,000 Actual machine hours 380,000 a $1,520,000 applied and $20,000 underapplied b. $1,600,000 applied and $20,000 overapplied C. $1,520,000 applied and $20,000 overapplied d. $1,463,000 applied and neither under nor overapplied Moving to the next question prevents changes to this answer. Question 32 of 50