Our company is a contract manufacturer of consumer and business electronics. We use "textbook" normal absorption costing, with machine hours (MHS) used as the allocation base to allocate manufacturing overhead (MOH) to our products. We round our overhead rate to the nearest cent. On January 1, 2020, we estimated our MHs for 2020 at 39,420 MHS. At the end of the fiscal year 2020, we discovered that we overapplied our MOH by $273,493 for the year. Also at the end of the fiscal year 2020, we determined that our actual 2020 machine hours equaled 38,761 MHs; and our actual 2020 MOH equaled $37,621,586. Our 2020 estimated MOH (estimated on January 1, 2020) is closest to: OA. $37,348,093 OB. $37,623,366 C. $37,895,079 OD. $38,000,880 OE. $38,539,357