Bramble Corp. 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$1500000 Actual annual overhead cost$1475000 Estimated machine hours400000 Actual machine hours190000 $1500000 applied and $762500 overapplied $1475000 applied and neither under-nor overapplied $712500 applied and $762500 underapplied $712500 applied and $762500 overapplied