Sheridan Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2021, the company estimated its manufacturing overhead would be $1,970,000 and that employees would work a total of 98,500 direct labor hours. During March, the company worked on the following five jobs.

Job		Beginning Balance		Direct Materials added during March		Direct Labor added during March		Direct Labor Hours added during March
134		$118,700		$4,000		$8,300		140
158		121,550		2,600		12,190		330
212		21,600		86,600		36,500		3,460
287		34,250		71,900		31,900		2,710
301				18,990		21,875		1,490
Total		$296,100		$184,090		$110,765		8,130

Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March.

(a)

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Sheridan Company incurred $168,000 manufacturing overhead in the month of March. Given that expenditure for overhead, was manufacturing overhead under- or overapplied in March? By how much?

Overhead select an option (Overapplied/Underapplied) by $ (enter a dollar amount)