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Use the following information to answer the next question: of 1 Estimated manufacturing overhead $520,000 Estimated machine hours 16,000 Actual machine hours worked 15,000 Actual overhead costs incurred: Indirect materials $180,000 indirect labour $135.000 Utilities $ 40,000 Insurance $ 20,000 Rent $150,000 If the company uses a predetermined overhead rate to apply overhead, manufacturing overhead applied would be: Select one: O a. $487,500 O b. $520,000 O c. $525,000 O d. $554,667