Sheffield Accountant CPAs, LLC is a service firm and applies overhead based upon direct labor cost. For the year 2025 , the actual overhead cost incurred totaled $74000. Sheffield Accountant CPAs, LLC had underapplied overhead cost of $26000. The company utilized an overhead application rate of 50% of direct labor cost. What was the total direct labor cost incurred for the year? $48000$96000$74000$24000