Bonehead Co. has the following factory overhead costs for the most recent period:

Standard overhead applied to this period's production	$	72,000
Flexible budget for overhead based on output (i.e., units produced)		65,000
Total budgeted overhead in the master (static) budget		86,000
Actual total overhead cost incurred during the period		76,000

The total underapplied or overapplied factory overhead for Bonehead Co. for the period, to the nearest whole number, is: