Question 3 Coronado Industries thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2650000. The company used 1000 hours of processing on Job No B12 during the period and incurred overhead costs totaling $2700000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12? $132500 5135000 $2650 $2700