Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Hancock incurred $418,000 in materials costs. $413,200 in overhead costs and $224,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. $396,000. $424,450. $413,190. $413,200. $403,200