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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

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 $240,000 and 5,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,200 and actual direct labor-hours were 4,700. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.)

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  • $14,400 underapplied

  • $16,600 underapplied

  • $14,400 overapplied

  • $16,600 overapplied

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