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 $88,480 and 2,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $90,480 and actual direct labor-hours were 2,700. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) $85,320 $82,344 $87,000 $90,168