Ravsten Company uses a job-order costing system.

The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 43,000 machine-hours and incur $197,800 in manufacturing overhead cost. The following transactions occurred during the year:

a.	Raw materials requisitioned for use in production, $241,000 (80% direct and 20% indirect).
b.	The following costs were incurred for employee services:

Direct labor	$	167,000
Indirect labor	$	25,000
Sales commissions	$	17,000
Administrative salaries	$	32,000

c.	Heat, power, and water costs incurred in the factory, $52,000.
d.	Insurance costs, $17,000 (90% relates to factory operations, and 10% relates to selling and administrative activities).
e.	Advertising costs incurred, $57,000.
f.	Depreciation recorded for the year, $67,000 (85% relates to factory operations, and 15% relates to selling and administrative activities).
g.	The company used 47,000 machine-hours during the year.
h.	Goods that cost $487,000 to manufacture according to their job cost sheets were transferred to the finished goods warehouse.
i.	Sales for the year totaled $714,000. The total cost to manufacture these goods according to their job cost sheets was $482,000.

Required:
1.	Determine the underapplied or overapplied overhead for the year. (Round your intermediate calculations to two decimal places.)