The following information is available from the records of a manufacturing company that applies factory overhead based on direct labor hours:
Estimated overhead cost $500,000, Estimated labor hours $200,000, Actual overhead cost $515,000, Actual labor hours $210,000
Based on this information, factory overhead is
A. Underapplied by $9,524
B. Overapplied by $10,000
C. Overapplied by $15,000
D. Overapplied by $40,750