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Bain Corporation uses a job costing system in which Overhead is applied on the basis of Direct Labor Hours (DLH). At the beginning of the

Bain Corporation uses a job costing system in which Overhead is applied on the basis of Direct Labor Hours (DLH). At the beginning of the year, the company estimated they would incur $242,000 in overhead and 8,000 DLH. At the end of the year, actual overhead was $229,400 and actual DLH were 6,940. How much overhead was over- or -under-applied at the end of the year?

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