A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 57,250 actual direct labor-hours and incurred $402,000 of actual manufacturing overhead cost. The company had estimated that it would work 60,500 direct labor-hours during the year and incur $363,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice underapplied by $39,000 overapplied by $39,000 underapplied by $58,500 overapplied by $58,500