Baka Corporation applies manulacturing 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 $146,200 and actual direct labor-hours were 5,200 The overhead for the year was: (Round your intermediate calculations to 2 decimal places. Muriple Choice $50,020 underapplied $50,020 overapplied $46,980 underapplicd $46.980 overapplied