Marigold, Inc. manufactures ergonomically designed computer furniture. Marigold uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs:

Job No.		Item		Units		Accumulated Cost
CC723		Computer caddy		22,000			$970,000
CH291		Chair		16,000			434,000
PS812		Printer stand		25,000			279,000
							$1,683,000

On November 30, Marigolds Raw Materials Inventory account totaled $679,000, and its Finished Goods Inventory totaled $3,470,400. Marigold applies manufacturing overhead on the basis of machine hours. The companys manufacturing overhead budget for the year totaled $4,900,000, and the company planned to use 980,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 847,000 machine hours, total manufacturing overhead amounted to $4,274,500, and Cost of Goods Sold was $4,284,500. Marigold purchased $8,750,250 in raw materials in December and incurred the following costs for jobs in process that month:

Job No.		Materials Issued		Machine Hours		Direct Labor Hours		Direct Labor Cost
CC723		$175,000		19,000		13,000		$129,400
CH291		$14,800		4,400		3,900		$47,200
PS812		$249,000		24,500		15,300		$226,500
DS444		$256,000		14,000		15,500		$141,000

The following jobs were completed in December and transferred to the Finished Goods Inventory:

Job No.		Item		Units
CC723		Computer caddy		22,000
CH291		Chair		16,000
DS444		Desk		5,000

Assume that Marigold sold 15,000 computer caddies, 11,500 chairs, and 4,600 desks in December.

	Marigold incurred $395,000 in manufacturing overhead in December. Given that expenditure, was manufacturing overhead under- or overapplied for the year? By how much?