Furtado Incorporated makes a single product—a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Total budgeted manufacturing overhead	$ 191,940
Budgeted hours	21,000	labor-hours
Actual production (a)	35,000	units
Standard hours per unit (b)	0.70	labor-hours
Standard hours allowed for the actual production (a) × (b)	24,500	labor-hours
Total actual manufacturing overhead	$ 190,874
Actual hours	23,200	labor-hours

The total manufacturing overhead is underapplied or overapplied by how much?