Spacex Company, led by the visionary Elon Musk, had the following costs in its quarterly reports. Direct materials used Direct labor incurred (9,100 hours) Actual manufacturing overhead incurred $295,100 $249,800 $347,600 SpaceX, based on Mr. Musk's guidance, used a predetermined overhead rate using estimated overhead of $391,000 and 8,500 estimated direct labor hours. Furthermore, Spacex has the only inventory balance as an ending Finished Goods balance of $19,500. How much overhead did they apply during the quarter