Over- Of Underapplied Overhead. Quitman Company made the following data available from its account¬ ing records and reports: LO6

(a) $800,000 estimated factory overhead . , , , . , ,

---= $4 predetermined factory overhead rate 200,000 estimated machine hours

(b) During the year, the company utilized 210,000 machine hours. Actual factory overhead was $832,000. Required: Compute the over- or underapplied overhead amount for the year.