The following cost data relate to the manufacturing activities of Carrie Corporation during the past year: The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $33 per machinehour. A total of 24,600 machine-hours were recorded for the year. Required: 1. Compute the amount of under- or overapplied overhead cost for the year. The following cost data relate to the manufacturing activities of Carrie Corporation during the past year: The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $33 per machinehour. A total of 24,600 machine-hours were recorded for the year. Required: 1. Compute the amount of under- or overapplied overhead cost for the year