During 2016, Crema Manufacturing expected Job 59 to cost $300,000 of overhead, $500,000 of material, and $200,000 in labour Crema applied overhead based on direct labour cost Actual production required an overhead cost of $280,000 $550,000 in materials used and $220,000 in labour All of the goods w...

During 2016, Crema Manufacturing expected Job 59 to cost $300,000 of overhead, $500,000 of material, and $200,000

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During 2016, Crema Manufacturing expected Job 59 to cost $300,000 of overhead, $500,000 of material, and $200,000 in labour. Crema applied overhead based on direct labour cost. Actual production required an overhead cost of $280,000; $550,000 in materials used; and $220,000 in labour. All of the goods were completed. How much is the amount of over- or under-applied overhead?