I am looking for the correct answer to this general accounting problem using valid accounting standards.

Summit Components Ltd. uses machine hours as the activity base to apply manufacturing overhead. The company provides the following data: Estimated Annual Overhead Costs $980,000 Budgeted Machine Hours for the Year 20,000 hours Actual Machine Hours Used for Job No. A107 1,100 hours Actual Overhead Costs Incurred $1,020,000 How much overhead should be applied to Job No. A107