Compute the amount of under- or over-applied overhead for the year.

Sonia Company manufactures custom-made fire trucks and had the following estimates and actual costs for 2016:

	Estimate	Actual
Direct materials used	$1,400,000	$1,500,000
Direct labor	1,000,000	1,050,000
Indirect labor	400,000	375,000
Factory insurance	25,000	25,000
Factory maintenance	100,000	50,000
Factory rent	575,000	550,000
Factory equipment depreciation	100,000	100,000

Work-in-process inventory is $0 at 1/1/16 and $70,000 at 12/31/16. Finished goods inventory is $80,000 at 1/1/16 and $65,000 at 12/31/16.