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 15,200 132,000 8,200 72,000 152,400 10,200 Total actual manufacturing overhead costs incurred $ 390,000 $ 402,000 $ 62,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,200 $ 30,200 $ 40,200 $ 70,200 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 19,900 machine-hours was recorded for the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. Answer is complete and correct. Overapplied overhead s 8,000 cost