Larned Corporation recorded the following transactions for the just completed month.
a. $71,000 in raw materials were requisitioned for use in production of this amount, $62,000 was for direct materials and the remainder was for indirect materials.
b. Total labor wages of $112,000 were incurred of this amount, $101,000 was for direct labor and the remainder was for indirect labor.
c. Additional actual manufacturing overhead costs of $175,000 were incurred.
d. A total of $188,000 in manufacturing overhead was applied to jobs.
Required:
Determine the under applied or over applied overhead for the month.