Dejarnette Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours		80,000
Total fixed manufacturing overhead cost	$	416,000
Variable manufacturing overhead per machine-hour	$	3.10

The estimated total manufacturing overhead is closest to:

• $416,003

• $664,000

• $416,000
• $248,000