Question 6 6. Procter & Gamble has two manufacturing departments--Forming and Packaging. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Packaging Total Estimated total machine-hours (MHS) 9,730 1,100 10,830 Estimated total fixed manufacturing overhead cost $ 57,250 $ 3,100 $ 60,350 Estimated variable manufacturing overhead cost per MH $ 2.25 $ 2.15 During the most recent month, the company started and completed two jobs--Job 1 and Job 2. There were no beginning inventories. Data concerning those two jobs follow: Forming machine-hours Packaging machine-hours Job 1 Job 2 5,700 3,100 430 570 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job 2 is: