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 $242,400 and 7,400 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,800 and actual direct labor-hours were 5,500. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $62,220 underapplied o $63,620 underapplied o O $62,220 overapplied o o O $63,620 overapplied