Preston Manufacturing is working on two housing projects. Overhead is applied on the basis of direct labor hours. At the beginning of the year, the company estimated that overhead would be $82,000 and 10,000 direct labor hours would be worked. Both projects were started and completed in the current accounting period. The following transactions were completed during the period (a) Used $11,800 of direct material on Project and $8.600 of direct material on Project IL (b) Labor costs for the two jobs amounted to the following Project 1, $33,000 (2.900 hours): Project 1, $53.000 (7,800 hours) (c) Project I was sold during the period for $138.000, The amount of estimated overhead applied to Work in Process Inventory for the period equals: (Do not round your intermediate calculation.) Multiple Choice $87740 olhos $82.000. $90.940. Le H! Next