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 $244,500 and 9,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200.

The overhead for the year was: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$84,912 underapplied

$85,612 underapplied

$84,912 overapplied

$85,612 overapplied