Burt Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1.200,000 and its estimated level of activity was 50,000 direct labor hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,240,000, with actual direct labor cost of $650,000. Calculate how much (in dollars) manufacturing overhead was under/overapplied. Make sure to specifically state the dollar amount and under/overapplied. (Show all work)