Baker 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 $77,280 and 2,400 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $79,530 and actual direct labor-hours were 2,200.

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

$75,688

$70,840

$72,520

$67,864