Mayco applies overhead on the basis of $10 of direct labor hours. Job No. 501 is charged with $240,000 of direct materials costs and $320,000 of direct labor costs.. The labor took 10,000 hours. The total manufacturing costs for Job No. 501 is $660,000 O $695,000 $570,000 O $560,000 Question 15 5 pts Mayco applies overhead on the basis of $20 per machine hour. Job No. 501 is charged with $240,000 of direct materials costs and $120,000 of direct labor costs. The job used 10,000 machine hours. The total manufacturing costs for Job No. 501 is $560,000 O $660,000