During 2022, Concord Manufacturing expected Job No. 59 to incur $340000 of overhead cost, $460000 of direct materials cost, and $100000 in direct labor cost. Concord applied overhead based on direct labor cost. Actual production required overhead cost of $285000,$630000 in direct materials used, and \$260000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? $599000 overapplied $55000 overapplied $55000 underapplied $599000 underapplied