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XYZ Company applies overhead to jobs using direct labor cost as an activity. For the...

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Accounting

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XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was $500,000 while the actual overhead cost totaled $510,000. XYZ's estimated direct labor cost was $250,000 and the actual direct labor cost amounted to $265,000. For the current year, overhead was: under-applied by $10,000 under-applied by $15,000 under-applied by $20,000 under-applied by $25,000 over-applied by $10,00o O over-applied by $15.000 O over-applied by $20,000 over-applied by $25,000 none of the above are correct

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