Hels Peterson Company is a manufacturing company in Canada. The Work in Process inventory account of Peterson Company that uses an overhead rate based on direct labor cost has a $3,450 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $1,550 and direct labor cost of $850. Therefore, the amount of the applied overhead for Peterson Company is Multiple Choice $2,400 $2,600 $1050 $1,900 $850