Li Pong company uses a standard costing system. Last year they incurred $100,000 of Variable Overhead and $294,000 of Fixed Overhead and had the following variances before closing entries.

FOH Budget Variance - $5,000 F

FOH Volume Variance - $4,000 U

VOH Spending Variance - $4,000 F

VOH Efficiency Variance - $2,000 U

How much overhead was applied to inventory over the course of the year?

(Answer in dollars)

Li Pong company uses a standard costing system. Last year they incurred $100,000 of Variable Overhead and $294,000 of Fixed Overhead and had the following variances before closing entries.

FOH Budget Variance - $5,000 F

FOH Volume Variance - $4,000 U

VOH Spending Variance - $4,000 F

VOH Efficiency Variance - $2,000 U

How much overhead was applied to inventory over the course of the year?

(Answer in dollars)