The following activity took place in the past year: The under- or overapplied overhead for the year was?

Raw materials purchased $160,000 Raw materials used (90% direct. 10% indirect) $140,000 Factory utility costs incurred $40.000 Salaries and wages incurred (80% direct, 10% indirect, 10% administrative) $250,000 Factory amortization $25,000 Amortization on sales staff cars $12.000 Estimated overhead allocation rate 52% of direct labour cost Cost of jobs completed $300,000