Sanchez Consulting applies overhead to consulting projects based on the direct labor hours charged by employees to each job. Selected data for the firm follow: Budgeted overhead for the year Budgeted direct labor cost for the year (@ $25/hour) Actual overhead for November Actual direct labor cost for November (1,100 hours) $150,000 375,000 10,000 28,000 What is the amount of over- or underapplied overhead for the month of November? Select one: O a. $1,000 underapplied O b. $1,000 overapplied O c. $1,200 underapplied O d. $1,200 overapplied