The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory $ 3,000 5,000 9,900 23,900 5,900 Total actual manufacturing overhead costs $ 47,700 Other costs incurred Purchases of raw materials Direct labor cost $ 32,000 $ 39,700 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 8,700 $ 6,800 $ 5,000 $ 6,900 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine-hour; a total of 12,400 machine-hours was recorded for the year. All raw materials ultimately become direct materials-none are classified as indirect materials Required 1. Compute the amount of underapplied or overapplied overhead cost for the year. (Input the amount as a positive value.) (Click to select)overhead cost