Toms Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Toms budgeted overhead was $500,000 based on a budgeted volume of 50,000 machine-hours. Actual overhead amounted to $443,000 with actual machine-hours totaling 44,000.

Required:

What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.)