Kings Company had the following information: Budgeted factory overhead Actual factory overhead Budgeted direct labor hours Actual direct labor hours $70,000 $80,000 17,500 21,000 Assume the cost driver for factory overhead costs is direct labor hours and a job uses 2,000 direct labor hours. What amount of factory overhead is applied to the job? A) $7,600 B) $7,500 C) $7,140 D) $8,000 To calculate the contribution by segment, take contribution controllable by segment managers minus A) variable operating expenses B) fixed costs controllable by segment managers C) unallocated costs D) fixed costs controllable by others