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 $240,900 and 5,900 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,800 and actual direct labor-hours were 5,000.

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

Multiple Choice

$36,750 underapplied

$38,650 underapplied

$36,750 overapplied

$38,650 overapplied