The following cost data relate to the office overhead costs of the Vermillion, Co. during the just-completed year:

Office Rent	25,060
office supplies	5,820
utilities, office	14,800
Salary, office manager	54.750
Salary, receptionist	34,320
Depreciationoffice equipment	10,920
Software licensing fees	24,430
Other miscellaneous expenses	30,950
Total overhead costs	201,050

The company uses a predetermined overhead rate to apply overhead cost to each tax job. The rate for the year was $5 per tax-preparer hour. A total of 41,700 tax preparer hours was recorded for the year. Compute the amount of under- or overapplied overhead cost for the year.

Overhead