LIT Submit For Quarter Ended June 38 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $930,000 655,000 275,000 $105,000 114,000 219,000 $ 56,000 On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. The contribution margin for Alexander's Bookstore for the second quarter is: Multiple Choice $769,700 $150.300 $815.300 $197.500 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 32,700 $294,300 $ 2.00 Recently, Job L716 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 20 $ 545 $1,090 The amount of overhead applied to Job L716 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $294.20 $220.00 o $44.00