Jackson Company had the following information for the year Direct materials used $300,200 Direct labor incurred (9,500 hours) $247,300 Actual manufacturing overhead incurred $347,600 Jackson Company used a predetermined overhead rate using estimated overhead of $348.300 and 8,100 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $19.400. How much overhead was applied during the year? Multiple Choice $348,300 $247,300 5347,600 $400,500