Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,800 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor hours were 6.300 The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $87,426 underapplied $88,026 underapplied $87,426 overapplied $88,026 overapplied