Question: Magic Production, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was

Magic Production, Inc. thinks machine hours is the best activity base

Magic Production, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $222,574. The company used 980 hours of processing on Job No. MPB12 during the period and incurred overhead costs totaling $229,810. Magic budgeted 20,700 machine hours for the year. How much overhead should be applied to Job No. MPB12? Round your answer to 2 decimal places

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