* Banks, Inc. uses a traditional predetermined overhead rate system to allocate overhead to its jobs using machine hours Its total estimated overhead costs are $975,000 Esimated machine hours are expected to be 50,000 hours and estimated direct labor hours are expected to be 100,000 hours Actual machine hours were 45,000 hours and actual direct labor hours were 92,000? Assume Job # 101 incurred Direct materials cost of $32,000 and Direct labor costs of $46,400. Actual direct labor hours were 5,800 and actual machine hours were 2,400 What is the total product cost for Job #101? TIP Please round any intermediary calculations to 2 decimal places OA. $134,950 OB. $101,800 OC. $125,200 OD. $975,900