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	$	77,000	$	40,000
	Work in process		66,000		42,000
	Finished goods		115,000		100,000
	Other information
	Direct materials purchases			$	324,000
	Cost of goods available for sale				950,000
	Actual factory overhead costs				260,000

The amount of underapplied or overapplied overhead is: