HCorporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year.

Estimated manufacturing overhead from the

beginning of the year$310,000Estimated activity level from the beginning of the year20,000machine-hoursActual total fixed manufacturing overhead$338,000Actual activity level18,300machine-hours

The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:(Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $309,270
• $310,000
• $28,000
• $283,650