At the beginning of the year, a university sets standards for processing 1,000 admissions applications with 10,000

Question:

At the beginning of the year, a university sets standards for processing 1,000 admissions applications with 10,000 direct labor hours. The application rate for overhead is £40 per standard direct labor hour. During the year, the university actually processes 1,200 applications.

How much overhead is applied?

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