HiTech, Inc. selected machine hours as the activity base. The estimate of annual overhead costs for its jobs was $1,175,000. The company used 1,200 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1,200,000. The budgeted machine hours for the year totaled 25,000. As such, how much overhead should be applied to Job No. B12?

Select one:

a. $56,400

b. $ 979

c. $58,800

d. $ 1,000

e. $57,600