Bakker 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 $100,000 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $92,000 and actual direct labor-hours were 2,400. The overhead for the year was: Multiple Choice $4,000 under applied $2,000 over applied $6,000 under applied $2,000 Underapplied $4,000 over applied