During 2022, Sheridan Manufacturing expected Job No. 59 to incur $400000 of overhead cost, $560000 of direct materials cost, and $200000 in direct labor cost. Sheridan applied overhead based on direct labor cost. Actual production required overhead cost of $290000, $600000 in direct materials used, and $230000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? $170000 overapplied $170000 underapplied $110000 overapplied $110000 underapplied