Kirkaid Company recorded the following transactions for the just completed month:

Determine Underapplied or Overapplied Overhead [LO 4-4] Kirkaid Company recorded the following transactions for the just completed month: $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor. Additional actual manufacturing overhead costs of $197,000 were incurred. A total of $218,000 in manufacturing overhead was applied to jobs. Required: Determine the underapplied or overapplied overhead for the month