Question 15 (0.5 points) At the beginning of the year, Monroe Company estimates annual overhead costs to be $1,500,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315,000 hours is $1,500,000 $1,428,572. $1,050,000. $1,575,000