Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufacturing data for Year 1 and actual data for November Year 1. The company applies overhead based on planned machine hours using a predetermined annual rate. Year 1 Planning Date Annual November Fixed manufacturing overhead $1,200,000 $100,000 Variable manufacturing overhead $2,400,000 $220,000 Direct labor hours 48,000 4,000 Machine hours 240,000 22,000 Direct labor hours (actual) Direct labor hours (plan based on output) Data for November Year 1 4,200 4,000