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Watson Company applies overhead on the basis of machine hours. Given the following data, compute...

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Accounting

Watson Company applies overhead on the basis of machine hours. Given the following data, compute the amount of overhead under- or overapplied for the period. Estimated annual overhead cost $1,500,000 Actual annual overhead cost $1,485,000 Estimated machine hours 300,000 Actual machine hours 295,000 Select one:

a. $15,000 underapplied b. $10,000 Overapplied c. Neither under of overapplied d. $10,000 Underapplied

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