The following cost data relate to the office overhead costs of the Charles Wright Tax Preparation Company during the just-completed year:

Overhead costs incurred:
Office rent		$25,700
Office supplies		5,970
Utilities, office		14,190
Salary, office manager		55,470
Salary, receptionist		35,280
Depreciationoffice equipment		11,620
Software licensing fees		23,790
Other miscellaneous expenses		30,440
Total overhead costs		$202,460

The company uses a predetermined overhead rate to apply overhead cost to each tax job. The rate for the year was $6 per tax-preparer hour. A total of 35,500 tax preparer hours was recorded for the year. Compute the amount of under- or overapplied overhead cost for the year.