Problem - The following calendar year information about the Tahoma Corporation is available on December 31:

Advertiing Expense $28,800

Depreciation of factory equipment 42,320

Depreciation of office equipment 10,800

Direct Labor 142,600

Factory utilities 36,650

Interest expense 6,650

Inventories January 1:

Raw materials 3,450

Goods in Process 17,250

Finished goods 35,650

Inventories December 31:

Raw materials 2,300

Goods in process 20,700

Finished goods 31,050

Raw materials purchased 132,450

Rent on factory building 41,400

Indirect labor 51,750

Sales commisisons 16,500

The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead?