kenwood, Inc, uses a predetermind overhead rate based on direct laboor- hours to apply manufacturing overhead to jobs. at the beginning of the year, the company estmated its total manufacturing overhead cost at $400,000 and its machine hours at 100,000 hours, the actual overhead cost incurred during the year was $380,000 and the actual machine hours incurred on jobs during the year were 95,000. Was the overhead over- or underapplied for the year AND by how much?