The following cost data relate to the office overhead costs of the Richetti Company during the just$-$completed year: The company uses a predetermined overhead rate to apply overhead cost to each tax job. The rate for the year was $$5\mathrm{.}70$ per tax preparer hour. A total of $40,000$ tax preparer hours was recorded for the year. Compute the amount of under$-$or overapplied overhead cost for the year.