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 $241,500 and 6,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,200 and actual direct labor-hours were 5,200. The overhead for the year was (Round your intermediate calculations to 2 decimal places.) Multiple Choice $48,320 underapplied 350.020 underapplied $50,020 underapplied $48,320 overapplied $50,020 overapplied