Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 16.200 actual direct labor-hours and incurred $123,200 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 15,100 direct labor-hours would be worked and $120.800 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $8 per direct labor. hour. The Corporation's manufacturing overhead for the year was: Multiple Choice overapplied by $6,400 underapplied by $2,400 underapplied by $6,400 0 overapplied by $2,400