Kirkaid Company recorded the following transactions for the just completed month: a. $124,000 in raw materials were requisitioned for use in production. Of this amount, $92,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $148,000 were incurred. Of this amount, $125,000 was for direct labor and the remainder was for indirect labor c. Additional actual manufacturing overhead costs of $217,000 were incurred d. A total of $277,000 in manufacturing overhead was applied to jobs Required Determine the underapplied or overapplied overhead for the month. ng