$ Selected cost data for Books Co, who apply overhead based on machine hours, are as follows: Estimated overhead cost for the year 840,000 Estimated direct labor cost for the year 1,550,000 Estimated machine hours for the year 60,000 hours Direct labor cost 1,160,000 Rent on Plant Building 620,000 Depreciation, factory equipment 40,000 Selling and Marketing expenses 26,500 $ 23,500 Corporate legal counsel fees Supervision and scheduling wages Machine hours 96,000 73,000 hours What is the over or under applied overhead