Goldsmith Jewelry uses direct labor hours to apply overhead and estimated total overhead costs at $52,500 and direct labor hours at 12,500 for the second quarter. The direct labor quantity standard is 1.75 hours per unit, and the company produced 2,400 units in the second month of the second quarter. This required 4,450 direct labor hours. What value should be used for overhead applied in the total overhead variance calculation? $19,720 $18,690 $16,260 $17,640