Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,500,000 (250,000 hours at $10/hour) and that factory overhead would be $1,800,000 for the current period. At the end of the period, the records show that there had been 190,000 hours of direct labor and $1,440,000 of actual overhead costs. Using direct labor hours as the allocation base, calculate the under- or overapplied overhead for the period.