Lexington Company's predetermined overhead rate is $4 per direct labor hour. Which of the following equations correctly computes the amount of overhead cost that should be applied to work in process assuming a job required 104 hours but was estimated to require 94 hours? Multiple Choice 104 hours $4.00 $416 94 hours $4.00 $376 1 job X $4.00 $4 None of these answers are correct