Selected information from the Iowa Instruments accounting records for April follows:

Materials Inventory

Debit Credit

BB $(4/1)28,400$

$212,400177,400$

Work$-$in$-$Process Inventory

Debit Credit

Labor $100,200$

EB $(4/30)94,400$

Finished Goods Inventory

Debit Credit

BB $(4/1)90,400$

$294,600275,400$

Cost of Goods Sold

Debit Credit

$6,900$

Manufacturing Overhead Control

Debit Credit

$80,900$

$80,900$

Applied Manufacturing Overhead

Debit Credit

$93,520$

$86,620$

$6,900$

Additional information for April follows:

The labor wage rate was $$30$ per hour.

During the month, sales revenue was $$321,700,$ and selling and administrative costs were $$90,000.$

This company has no indirect materials or supplies.

The company applies manufacturing overhead on the basis of direct labor$-$hours.

Customer returns are discarded and not resold.

Required:

What was the over$-$ or underapplied manufacturing overhead for April? it is not $6900$

What was the operating profit $($or loss$)$ for April? Any over$-$ or underapplied overhead is written off to Cost of Goods Sold. not $-36800$