Kirkaid Company recorded the following transactions for the just completed month:
a. $118,000 in raw materials were requisitioned for use in production. Of this amount, $89,000 was for direct materials and the remainder was for indirect materials.
b. Total labor wages of $142,000 were incurred. Of this amount, $122,000 was for direct labor and the remainder was for indirect labor.
c. Additional actual manufacturing overhead costs of $214,000 were incurred.
d. A total of $268,000 in manufacturing overhead was applied to jobs.
Required:
Determine the underapplied or overapplied overhead for the month.
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