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 16,800 48,000 9,800 88,000 295,300 11,800 Total actual manufacturing overhead costs incurred $569,700 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost 78,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 21,800 $ 31,800 $ 41,800 $ 71,800 The company uses a predetermined overhead rate to apply overhead cost to jobs was $27 per machine-hour. A total of 21,500 . The rate for the year machine-hours was recorded for the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. Overapplied overhead cost