Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at $125\%$ of direct labor cost. Selected data concerning the past year's operation of the company are presented below.

January $1$ December $31$

Direct materials $ $84,000$ $ $47,000$

Work in process $73,00049,000$

Finished goods $122,000107,000$

Other information

Direct materials purchases $ $331,000$

Cost of goods available for sale $973,000$

Actual factory overhead costs $267,000$

The amount of underapplied or overapplied overhead is: