Toms Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Toms budgeted overhead was $714,000 based on a budgeted volume of 68,000 machine-hours. Actual overhead amounted to $773,500 with actual machine-hours totaling 69,500.

Required:

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