Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 59,750 actual direct labor-hours and incurred $502,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 61,500 direct labor-hours during the year and Incur $430,500 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was overapplied by $71,500 underapplied by $71,500 underapplied by $83,750 overapplied by $83.750