12 Canfield Construction applies overhead to its projects at a rate of $74 per direct labor hour. Laborers are paid an average rate of $36 per hour. The Jefferson Apartments project was charged a total of $2,500,000 in direct materials and $540,000 in direct labor costs. Overhead applied to the Jefferson Apartments project amounted to: 8 01:50:33 Multiple Choice O $1,110,000. O $15,000. O $1,960,000. O $540,000