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	$	78,000	$	41,000
	Work in process		67,000		43,000
	Finished goods		116,000		101,000
	Other information
	Direct materials purchases			$	325,000
	Cost of goods available for sale				953,000
	Actual factory overhead costs				261,000

The amount of underapplied or overapplied overhead is: