Barnes Company Applies Overhead on the Basis of Machine Hours

Barnes Company 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:

A) $2,950,000 applied and $20,000 overapplied
B) $3,000,000 applied and $20,000 overapplied
C) $2,950,000 applied and $20,000 underapplied
D) $2,970,000 applied and neither under- nor overapplied