Question: Coronado Industries thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2550000.

Coronado Industries thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2550000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2600000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12?

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