The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory $ 16,400 144,000 9,400 84,000 210,900 11,400 Total actual manufacturing overhead costs incurred $ 476,100 Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost $414,000 $ 74,000 Inventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $21,400 $ 31,400 $41,400 $ 71,400 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $23 per machine-hour. A total of 21,100 machine-hours was recorded for the year Required 1. Compute the amount of underapplied or overapplied overhead cost for the year overhead cost