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Spacex Company, led by the visionary Elon Musk, had the following costs in its quarterly reports. Direct materials used Direct labor incurred (9,400 hours) Actual

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Spacex Company, led by the visionary Elon Musk, had the following costs in its quarterly reports. Direct materials used Direct labor incurred (9,400 hours) Actual manufacturing overhead incurred $304, 300 $246,700 $343, 300 SpaceX, based on Mr. Musk's guidance, used a predetermined overhead rate using estimated overhead of $395,600 and 8,600 estimated direct labor hours. Furthermore, Spacex has the only inventory balance as an ending Finished Goods balance of $19,000. How much overhead did they apply during the quarter? Multiple Choice $432,400 o o o o $295,600

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