Coble Woodworking Corporation produces fine cabinets. The company uses a job- order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated shaper. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead $ 46,800 Capacity of the shaper Actual results: Sales Direct materials Direct labor Actual total fixed manufacturing overhead Selling and administrative expense Actual hours of shaper use 260 $ 94,000 $ 12,300 $17,500 $46,800 hours $6,000 210 hours The manufacturing overhead applied is closest to: O $18,077 O $37,800 $6,000 O $46,800