Content AreaThe budgets that are concerned with the inflows and outflows of cash and with financial position are called the a. operating budgets. b. financial budgets. c. master budgets. d. continuous budgets.The following information is provided by Zinger Corporation for the year: Actual direct labor hours worked 75,000 Budgeted overhead $450,000 Budgeted direct labor hours 50,000 Actual overhead costs incurred $550,000 If normal costing is used, the amount of overhead applied (based on labor hours) for the year is a. $300,000. b. $675,000. c. $450,000. d. $550,000