Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Estimated machine-hours 20,000 Total fixed manufacturing overhead cost $ 100,000 Recently, Job P505 was completed with the following characteristics: Total machine-hours 100 Direct materials $ 100 Direct labor cost $ 5.000 The total job cost for Job P505 is closest to: 5500 $5.500 None of the answers are correct. $5.600 5600