The management of Michaeli Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity rather than on the estimated amount of activity for the year. The company's controller has provided an example to illustrate how this new system would work. Estimated activity for the upcoming year 34,000 machine-hours Capacity 49,000 machine-hours Actual activity for the year 36,000 machine-hours Manufacturing overhead (all fixed) $ 896,700 per year Required: Determine the cost of unused capacity for the year if the predetermined overhead rate is based on activity at capacity. Note: Do not round intermediate calculations