During 2022, Swifty Manufacturing expected Job No. 59 to incur $340000 of overhead cost, $530000 of direct materials cost, and $170000 in direct labor cost. Swifty applied overhead based on direct labor cost. Actual production required overhead cost of $280000, $560000 in direct materials used, and $270000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? $60000 overapplied $260000 underapplied O $60000 underapplied O $260000 overapplied