Question 3 The Space Company uses machine hours as the allocation base for assigning indirect product costs to its various product lines. At the start of the period, it is estimated that production is going to require 15,850 machine hours during the year. The fixed manufacturing overhead is estimated at $216,830 with the variable manufacturing overhead estimated at $2.37 per machine hour. At the end of the period, it was determined that the Space Company actually incurred 15,437 machine hours with actual total overhead of $242,154. How much overhead was Applied during the period? Round your answer to two decimal places