Chapter Two Quiz BUS 208 4 Kit Company had the following information for the year. See Direct materials used $119,300 Direct labor incurred (5,750 hours) Actual manufacturing overhead incurred $159,700 $167,500 Canad Save & Exit Submit 200200 Kit Company used a predetermined overhead rate of $41 per direct labor hour for the year and estimated that direct labor hours would total 6,325 hours Assume the only inventory balance is an ending Work in Process balance of $17.500. How much overhead was applied during the year? points Multiple Choice O $235750 $12500 O $119.300 $159700