The accountant for Champion Brake, Inc., applies overhead based on machine hours. The budgeted overhead and machine hours for the year are $260,000 and 16,000, respectively. The actual overhead and machine hours incurred were $275,000 and 20,000 . The cost of goods sold and inventory data compiled for the year is as follows: What is the amount of over/underapplied overhead for the year? $15,000 $50,000 $65,000 $67,000