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Company X applies manufacturing overhead to jobs on the basis of direct labour hours (DLHs). At the beginning of last year, the budgets revealed 15,000

Company X applies manufacturing overhead to jobs on the basis of direct labour hours (DLHs). At the beginning of last year, the budgets revealed 15,000 DLHs and estimated manufacturing overhead (MOH) of $300,000. At the end of last year, the actual DLHs and MOH were 14,800 and $287,120 respectively. What was the underapplied or overapplied overhead for last year?

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