Assume the price is as follows for the products. What is the mark-up percentage of each product?

Ace Price: $101; Best Price: $104; Champ Price: $145

During the month of August, Grubb Gears applied overhead to jobs using an overhead rate of $0.75 per dollar of direct labor. Direct labor in August was $156,000. Estimated overhead in August was $115,600. Actual overhead was composed of the following items:

Indirect materials $ 16,400

Indirect labor 22,000

Utilities 24,500

Depreciation 38,700

Repair expense 13,500

Total $115,100

How much overhead was applied during August for Grub Gears?

A. $86,700

B. $115,600

C. $117,000

D. More information is needed to answer.