Chapter 3, Problem 3.3P

I need the correct answer to this general accounting problem using the standard accounting approach.

Chevrolet Creative Agency applies overhead to jobs based on direct professional labor hours. Overhead was estimated to be $248,000, direct professional labor hours were estimated at 31,000, and direct labor cost was projected to be $460,000. During the year, Chevrolet incurred actual overhead costs of $230,500, actual direct professional labor hours of 26,500, and actual direct labor costs of $395,000. By year-end, the firm's overhead was __.

Can you solve this general accounting problem using appropriate accounting principles?