4 ! Part 4 of 15 Required information The Foundational 15 (LO3-1, LO3-2, LO3-3, L03-4) [The following information applies to the questions displayed below) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: 10 points Raw materials Work in process Tinished goods $ 50,500 $ 25,000 $ 38,100 eBook Print The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year. Pferences a. Raw materials were purchased on account. $592,000. b. Raw materials used in production, $557,000. All of of the raw materials were used as direct materials, The following costs were accrued for employee services: direct labor, $420,000, Indirect labor, $150,000; selling and administrative salaries, $295,000 d. Incurred various seling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing) $381,000. e. Incurred various manufacturing overhead costs (e.g, depreciation, insurance, and utilities). $320,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor hours on all Jobs during the year. Jobs costing $1.399,450 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $2,925,000. The jobs cost $1.409,450 to manufacture according to thele job cost sheets. Foundational 3-4 Foundational 3-4 4. What is the total amount of manufacturing overhead applied to production during the year? Manufacturing overhead applied