Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below January 1 December 31 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 90,00053,000 55,000 113,000 79,000 128,000 $ 337,000 988,000 273,000 The amount of underapplied or overapplied overhead is