Switty Corporation thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1550000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1700000 The budgeted machine hours for the year totaled 20000 How much overhead should be applied to Job No B12? $85000 $1700 O $77500 $1550