Walsh Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $16,660. Actual manufacturing overhead for the year amounted to $25,000 and actual machine-hours were 1,460. The company's predetermined overhead rate for the year was $11.90 per machine-hour. The overhead for the year was: Select one: O a. $7,626 underapplied o b. $7,626 overapplied c. $714 overapplied O d. $714 underapplied