(3 points) Randall Company manufactures customized furniture to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the operation of the company are presented below (before adjusting for under or overapplied overhead). Direct materials Work in process Finished goods January 1 December 31 $ 77,000 $ 40,000 66,000 42,000 115,000 100,000 $ Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 324,000 950,000 260,000 (4) (1.5 point) The amount of underapplied or overapplied overhead is