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 $110,250 and 3,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $112,200 and actual direct labor-hours were 3,250.

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

$104,055

$102,375

$107,223

$99,399