TB MC Qu. 3-163 Baka Corporation applies manufacturing overhead ... Baka 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 $239,700 and 4740 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor-hours were 4,670 The predetermined overhead rate for the year was closest to Baka 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 $244,500 and 9.500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6.200 The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $84.912 underapplied 0 $85.612 underapplied 0 O $84.912 overapplied 0 O $85.612 overapplied