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 $72,160 and 2,200 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $74,260 and actual direct labor-hours were 2,050.

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

$7,020 underapplied

$4,920 underapplied

$7,020 overapplied

$4,920 overapplied