Elevated Expectations Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same): Overhead Item Expected Costs Cost Driver Expected Quantity Setup costs $12,150 Number of setups 50 Ordering costs 4,050 Number of orders 30 Maintenance 17,400 Machine-hours 600 Power 2,700 Kilowatt-hours 600 Direct Labor Hours 500 Elevated Expectations contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation to these jobs: Job 1 Job 2 Direct materials $17,000 $12,000 Direct labor $14,000 $7,000 Direct labor-hours 280 120 Number of setups 15 14 Number of orders 17 8 Machine-hours 200 120 Kilowatt-hours 280 160 NOTE: Round per-cost-driver costs in intermediate calculations to two decimal places.

What is the amount of under- or over applied overhead for the year?

A $15,126

B $13,934

C $14,618

D $14,768