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Ralston Gifts applies overhead on the basis of machine hours. The following data were provided by Ralston: Estimated annual overhead cost $516,600 Actual annual overhead

Ralston Gifts applies overhead on the basis of machine hours. The following data were provided by Ralston:

Estimated annual overhead cost $516,600

Actual annual overhead costs $537,500

Estimated machine hours 126,000

Actual machine hours 125,000

How much overhead was applied?

A. $512,500

B. $520,380

C. $516,600

D. $541,800

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