Smart 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 $240,000 and 5,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,200 and actual direct labor-hours were 4,700 . The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multple Choice $14,400 overapplied $16.600 overapplied $16,600 underapplied $14,400 underappled