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King, Inc., which uses a predetermined overhead rate of $25 per direct labor hour, incurred actual overhead costs of $840,000 and used 24,000 direct labor

King, Inc., which uses a predetermined overhead rate of $25 per direct labor hour, incurred actual overhead costs of $840,000 and used 24,000 direct labor hours. How much was King's over- or under-applied overhead for the month of June?

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