The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead co sts incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory S 15,900 139,000 8,900 79,000 150,300 10,900 Total actual manufacturing overhead costs incurred S 404,000 Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost $ 409,000 $ 69,000 Inventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,900 S 30,900 $ 40,900 $ 70,900 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $20 per machine-hour. A total of 20,600 machine-hours was recorded for the year Required 1. Compute the amount of underapplied or overapplied overhead cost for the year overhead cost