Ivanhoe Manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. The estimate of annual overhead costs is $672000. The company used 1300 hours of processing for Job A15 during the period and incurred actual overhead costs of $720000. The budgeted machine hours for the year totaled 24000. What amount of manufacturing overhead should be applied to Job A15? O $517. O $39000. O $554. O $36400.

Ivanhoe Manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. The estimate of annual overhead costs is $672000. The company used 1300 hours of processing for Job A15 during the period and incurred actual overhead costs of $720000. The budgeted machine hours for the year totaled 24000 . What amount of manufacturing overhead should be applied to Job A15? $517. $39000. $554. $36400