Assume (1) estimated fixed manufacturing overhead for the coming period of $244,000.2) estimated variable manufacturing overhead of $2.00 per direct labor hour. (3) actual manufacturing overhead for the period of $320,000. (4) actual direct labor hours worked of 54.000 hours, and (5) estimated direct labor hours to be worked in the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to Multiple Choice $347760 $360.644 $325,026 $354,000