At the beginning of the year, Mirmax set its predetermined overhead rate for movies produced during the year by using the following estimates: overhead costs, $1,440,000, and direct labor costs, $400,000. At year-end, the companys actual overhead costs for the year are $1,428,100 and actual direct labor costs for the year are $400,000.

Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year.

Factory Overhead

Actual Overhead	1,428,100		Applied Overhead
			Overapplied overhead