Raw materials purchases $ 75,000 Direct labor cost $100,000 Manufacturing overhead cost incurred $ 68,000 Indirect materials included in manufacturing overhead cost incurred $ 11,600 Manufacturing overhead cost applied to Work in Process $ 67,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: 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 $243,600 and 8,600 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $244,600 and actual direct lobor-hours were 5.900 The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $76,453 undergoed $77453 underoppled